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0 -0.00310956648984821 -0.0195719773184562 -0.0122553502835193 -0.0153649167733675 -0.0203036400219499 -0.0226815438083044 -0.0287177611121273
Stock impact report

Lennar Reports Second Quarter EPS Of $1.30 [Reuters]

Lennar Corporation Class A (LEN) 
Last lennar corporation class a earnings: 3/19 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.lennar.com
Company Research Source: Reuters
Lennar Corp (LEN.N) Key Developments | Reuters.com June 25 (Reuters) - Lennar Corp ::LENNAR REPORTS SECOND QUARTER EPS OF $1.30.Q2 EARNINGS PER SHARE $1.30.Q2 REVENUE $5.6 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.1 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $1.14 -- REFINITIV IBES DATA.QTRLY DELIVERIES OF 12,729 HOMES - UP 5%.QTRLY NEW ORDERS OF 14,518 HOMES - UP 1%.QTRLY NEW ORDERS DOLLAR VALUE OF $5.8 BILLION - DOWN 4%.QUARTER-END BACKLOG DOLLAR VALUE OF $7.7 BILLION - DOWN 10%.QTRLY BACKLOG OF 19,061 HOMES - DOWN 3%.THROUGH Q2, HOMEBUYING MARKET SOLIDIFIED AND WAS SUPPORTED BY FAVORABLE UNDERLYING FUNDAMENTALS.Q2 RESULTS BENEFITED FROM BOTH Q1 DELIVERIES POSTPONED BY WEATHER AS WELL AS A RECOVERING HOUSING MARKET.REVENUES FROM HOME SALES INCREASED 4% IN Q2 OF 2019 TO $5.2 BILLION FROM $5.0 BILLION IN Q2 OF 2018.DURING Q2, CONTINUED TO EXPERIENCE COST PRESSURES DUE TO LAND AND LABOR SHORTAGES.IN NEXT TWO QUARTERS, CO EXPECTS TO SEE MARGIN IMPROVEMENT.QTRLY GROSS MARGIN ON HOME SALES Show less Read more
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