Lennar Corp. (LEN) Tops Q1 EPS by 11c

Lennar Corp. (NYSE: LEN) reported Q1 EPS of $0.63, $0.11 better than the analyst estimate of $0.52. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.86 billion.

• Deliveries of 4,832 homes – up 12%
• New orders of 5,794 homes – up 10%; new orders dollar value of $2.1 billion – up 15%
• Backlog of 7,670 homes – up 13%; backlog dollar value of $2.8 billion – up 19%

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

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