Lennar Corp. (LEN) Tops Q1 EPS by 1c, Revs Beat

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Go back to Lennar Corp. (LEN) Tops Q1 EPS by 1c, Revs Beat

Lennar Reports First Quarter EPS of $0.56

March 21, 2017 6:00 AM EDT

MIAMI, March 21, 2017 /PRNewswire/ --  

Net earnings of $130.8 million, or $0.56 per diluted share, compared to net earnings of $144.1 million, or $0.63 per diluted share. WCI Communities, Inc. ("WCI") reduced the Company's Q1 2017 net earnings by $0.03 per diluted share, primarily due to one-time transaction expenses Q1 2016 included a favorable $0.05 per diluted share impact due to a lower tax rate Deliveries of 5,453 homes up 13% New orders of 6,483 homes up 12%; new orders dollar value of $2.4 billion up 16% Backlog of 9,017 homes up 18%; backlog dollar value of $3.5 billion up 24%... More