Builder Hovnanian takes $469 million net loss in Q4

Builder Hovnanian Enterprises reported a net loss of almost half a billion dollars for the three-month period ending Oct. 31.

Hovnanian recorded a $469 million net loss for the fourth quarter of the 2007 fiscal year, or $7.42 per share. That compares with a net loss of $118 million, or $1.88 per share, in the fourth quarter of the 2006 fiscal year.

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