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Hovnanian (HOV -3.5%) slips today despite beating on its FQ3 bottom line, as revenue disappoints...

Hovnanian (HOV -3.5%) slips today despite beating on its FQ3 bottom line, as revenue disappoints on the whisper number. Total sales jumped 35% Y/Y, as the home builder saw double-digit revenue growth and an increase in net contracts, the latest sign of improvement in the housing market.

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