Lennar Corp. (LEN) Tops Q1 EPS by 10c; Backlog Up 82%

March 20, 2013 6:09 AM EDT
Lennar Corp. (NYSE: LEN) reported Q1 EPS of $0.26, $0.10 better than the analyst estimate of $0.16. Revenue for the quarter came in at $989.9 million versus the consensus estimate of $897.99 million.

* Deliveries of 3,186 homes were up 28 percent
* New orders of 4,055 homes were up 34 percent; cancellation rate of 15 percent
* Backlog of 4,922 homes were up 82 percent; backlog dollar value of $1.5 billion was up 105 percent

For earnings history and earnings-related data on Lennar Corp. (LEN) click here.

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