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AFTER THE CLOSE.(TO THE POINT)
HOVNANIAN earned $1.62 a share in Q2, up 53% and a penny over views. Revenue rose 32% to $1.2 billion. The home builder hiked '05 profit to over $7 a share, topping views, but guided Q3 profit 10 cents below estimates. Shares fell.
AFFYMETRIX will pay $120 mil to buy privately held ParAllele BioScience and its technology for genetic studies. Affymetrix, which makes chips that analyze genes, fell after hours.
CAREMARK RX fell after the Justice Dept. joined a whistleblower suit ...
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