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53 per share in the same quarter of last year. Revenues for the quarter were $1.7 billion, down from $1.
8 billion in the fourth quarter of fiscal 2005. Analysts expected the company to report earnings of $1.05 per share on revenues of $1.
71 billion. For the first quarter, the company anticipates modest earnings between $0.05 and $0.
10 per share. For fiscal 2007, the company projects earnings in the range of $1.50 - $2.
00 per share. Analysts estimate earnings of $2.71 per share for fiscal 2007.
Hovnanian closed down $.64 at $35.25 Monday, its lowest close in 3 weeks.
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