Lennar Corp. (LEN) Reports Q2 EPS of $0.91, Revenues Beat View
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Lennar Reports Second Quarter EPS of $0.91
June 20, 2017 6:00 AM EDTMIAMI, June 20, 2017 /PRNewswire/ --
Net earnings of $213.6 million, or $0.91 per diluted share, compared to net earnings of $218.5 million, or $0.95 per diluted share Deliveries of 7,710 homes up 15% New orders of 8,898 homes up 12%; new orders dollar value of $3.4 billion up 17% Backlog of 10,201 homes up 13%; backlog dollar value of $4.0 billion up 20% Revenues of $3.3 billion up 19% Lennar Homebuilding operating earnings of $332.6 million, compared to $342.7 million Gross margin on home sales of 21.5%, compared to 23.1%, improved sequentially 40 basis points from Q1 2017... More