Lennar Corp. (LEN) Tops Q1 Revenue Estimates

Note: EPS may not be comparable

Lennar Corp. (NYSE: LEN) reported Q1 EPS of $0.1.11, $0.34 better than the analyst estimate of $0.77. Revenue for the quarter came in at $2.98 billion versus the consensus estimate of $2.58 billion.

Net earnings of $136.2 million, or $0.53 per diluted share, which includes the following:

• $0.31 per diluted share related to acquisition and integration costs
• $0.27 per diluted share related to a one-time non-cash write down of deferred tax assets
• Excluding these items EPS would have been $1.11 per diluted share

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

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