Hovnanian Enterprises (NYSE:HOV) reported quarterly earnings of $2.62 per share which beat the analyst consensus estimate of $(0.98) by 367.35 percent. This is a 26.82 percent decrease over earnings of $3.58 per share from the same period last year. The company reported quarterly sales of $631.952 million which beat the analyst consensus estimate of $626.331 million by 0.90 percent. This is a 6.19 percent decrease over sales of $673.623 million the same period last year.