US homebuilder Lennar beats Q3 profit estimates on higher home deliveries
Lennar Corp posted a higher third-quarter profit on Thursday, compared with a year earlier, as a historically low housing supply kept demand strong, with declining fixed mortgage rates luring in more skittish buyers to the market.
Lennar 3Q Rev Climbs as Home Deliveries Top Expectations
Revenue rose to $9.42 billion from $8.73 billion a year ago, beating the $9.14 billion expected by analysts. Lennar's deliveries increased 16% to 21,516 homes, with new orders rising 5% to 20,587 homes. The company had most recently guided for home deliveries of 20,500 to 21,000 in the third quarter.
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Lennar stock is lower Friday as worries over gross margin estimates offset a fiscal Q3 beat. Here's what you need to know.
In a report released yesterday, Sam Reid from Wells Fargo maintained a Buy rating on Lennar (LEN – Research Report), with a price target ...
Shares of Lennar Corp. Cl A LEN slipped 0.49% to $188.43 Wednesday, on what proved to be an all-around rough trading session ...
Thank you for standing by, and welcome to Lennar's Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the presentation, we will conduct a ...
J.P. Morgan analyst Michael Rehaut has maintained their neutral stance on LEN stock, giving a Hold rating today. Michael Rehaut has given his ...
Lennar bought 74.9 acres approved for 205 single-family homes in Parkland from land assembler Brian Tuttle for $52.5 million.
Lennar Corporation's stock surge driven by demand & earnings, facing challenges with housing affordability and valuation.
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Lennar, one of the nation's leading homebuilders, today underscored its commitment to the New Jersey market with the ...
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