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Los Angelas, CA -- (SBWIRE) -- 12/24/2012 -- Hovnanian Enterprises, Inc. (NYSE:HOV) shares climbed 14.19% and closed at $7 in the previous trading session. The company posted a fourth-quarter net loss of $84.4 million, or $0.59 per share, as compared with the prior year’s $98.3 million, or $0.90 per share loss. Total revenues were $487.0 million, up 42.6% from $341.62 million in the comparable period last year. Analysts expected loss per share of $0.06 on revenues of $461.75 million for the quarter.
Should Investors Buy HOV After The Recent Plunge? Find Out Here
General Electric Company (NYSE:GE)’s shares touched a high of $20.99 before closing at $20.88, a decrease of $0.17. The trading volume was 80.86 million shares. Since hitting a 52-week low of $17.72 on December 28, 2011, the stock has managed to stay 27.21% higher from that level. The latest decline caused shares to trim their 2012 gain to 20.62%.
Has GE Found The Bottom And Ready To Gain Momentum? Find Out Here
SUPERVALU INC. (NYSE:SVU) shares jumped 7.58% and closed at $2.84. Supervalu Inc. and an executive who quit and joined a competitor have settled a federal lawsuit over his defection. Supervalu earlier this month sued Leon Bergmann, who resigned as president of the Eden Prairie-based grocer’s independent business organization in October, after he took a similar job with Commerce, Calif.-based Unified Grocers Inc.
Should Investors Buy SVU After The Recent Plunge? Find Out Here
LDK Solar Co., Ltd (ADR) (NYSE:LDK) shares fell 9.45% to $1.15. The company announced a solicitation of consents to proposed amendments to the Indenture, dated as of February 28, 2011, by and between LDK Solar, the Subsidiary Guarantors, The Bank of New York Mellon, London Branch, as trustee and paying and transfer agent, and The Bank of New York Mellon (Luxembourg) S.A., as registrar, governing its 10.00% Senior Notes Due 2014.
How Should Investors Trade LDK Now? Find Out Here
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