Hovnanian Enterprises (NYSE:HOV) reported quarterly losses of $(0.70) per share which missed the analyst consensus estimate of $(0.56) by 25 percent. This is a 135.18 percent decrease over earnings of $1.99 per share from the same period last year. The company reported quarterly sales of $705.746 million which missed the analyst consensus estimate of $723.500 million by 2.45 percent. This is a 11.85 percent decrease over sales of $800.583 million the same period last year.