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Stock impact report

Homebuilder Lennar Reports Better-Than-Expected Q3 Results: Details [Yahoo! Finance]

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: Yahoo! Finance
Lennar Corp (NYSE: LEN ) reported its third-quarter financial results after Thursday's closing bell. Here's a look at the details from the repor t. The Details : Lennar reported quarterly earnings of $3.90 per share, which beat the analyst consensus estimate of $3.63 by 7.44%. Quarterly revenue clocked in at $9.416 billion, beating the consensus estimate of $9.164 billion and representing a 7.86% increase over the same period last year. New orders increased 5% to 20,587 homes. Lennar reported a backlog of 16,944 homes with a dollar value of $7.7 billion. Deliveries increased 16% to 21,516 homes. Lennar reported homebuilding operating earnings of $1.5 billion with gross margin on home sales of 22.5%. Average home price was $422,000 in the third quarter, Check It Out: A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today This is a paid advertisement. Carefully consider the investment objectives, ris Show less Read more
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