Lennar Corp. (LEN) Tops Q1 EPS by 4c; New Orders Up 33%
March 27, 2012 6:23 AM
Lennar Corp. (NYSE: LEN) reported Q1 EPS of $0.08, $0.04 better than the analyst estimate of $0.04. Revenue for the quarter came in at $724.9 million versus the consensus estimate of $699.65 million.
New orders up 33%, backlog up 39%. Operating margin on home sales of 6.0% – improved 240 basis points.
For earnings history and earnings-related data on Lennar Corp. (LEN) click here.
