Replies to post #650893 on *SCALPSWINGSTRADDLE* ($$$)

[Zephyr]

$HOV beats on earnings. Reports Q4 (Oct) earnings of $0.22 per share (income before tax, ex-$285 mln tax benefit -- GAAP EPS was $1.95), may not be comparable to the Capital IQ Consensus of $0.21; revenues rose 18.0% year/year to $698.4 mln vs the $640.36 mln consensus. The much-stronger-than-consensus F4Q revenue growth from Hovnanian as the home builder also logged a $285.1M gain from using deferred tax assets to help offset recent profits. Contracts rose 7.9% last quarter excluding unconsolidated JVs, and they jumped 18% in November. The numbers mirror recent strength seen by higher-end Toll Brothers (TOL) and seem to put home builders in position for an upbeat start to the spring selling season.