Lennar Corp. (LEN) Tops Q3 EPS Views; Deliveries Up 28%, Backlog up 44%

Lennar Corp. (NYSE: LEN) reported Q3 EPS of $0.40, $0.12 better than the analyst estimate of $0.28. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.05 billion.

Deliveries up 28 percent to 3,655 homes, new orders up 44 percent to 4,198 homes with a cancellation rate of 17 percent.

Backlog up 79 percent to 4,513 homes with a dollar value of $1.3 billion, up 95 percent.

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

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• StoneX Starts Lennar (LEN) at Hold
• Lynx Equity sees Micron and SanDisk breakout as volatility normalizes
• RBC Capital Reiterates Outperform Rating on Aviva PLC (AV:LN) (AVVIY)