Lennar Corp. (NYSE: LEN) reported Q2 EPS of $3.90, $0.26 better than the analyst estimate of $3.64. Revenue for the quarter came in at $9.42 billion versus the consensus estimate of $9.16 billion.

New orders increased 5% to 20,587 homes

Guidance

The following are the Company's expected results of its homebuilding and financial services activities for the fourth quarter of 2024:

New Orders	19,000 - 19,300
Deliveries	22,500 - 23,000
Average Sales Price	About $425,000
Gross Margin % on Home Sales	Flat with Q3
S,G&A as a % of Home Sales	6.7% - 6.8%
Financial Services Operating Earnings	$140 million

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