Lennar Corp. (NYSE: LEN) reported Q2 EPS of $1.65, $0.51 better than the analyst estimate of $1.14. Revenue for the quarter came in at $5.3 billion versus the consensus estimate of $5.21 billion.

• Backlog of 17,975 homes – down 6%; backlog dollar value of $7.1 billion – down 8%

2020 Core Earnings Guidance:

					Third Quarter		Fourth Quarter
				New Orders	12,800 - 13,000		12,000 - 12,250
				Deliveries	13,200 - 13,400		14,300 - 14,600
				Average Sales Price	$380,000 - $385,000		$380,000
				Gross Margin % on Home Sales	21.5% - 21.75%		21.75% - 22.0%
				S,G&A as a % of Home Sales	8.3% - 8.5%		8.0%
				Financial Services Operating Earnings	Approximately $70 million		Approximately $60 million

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