Lennar (LEN) PT Raised to $93 at BofA/Merrill Lynch
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Lennar Reports Second Quarter EPS of $0.94
June 26, 2018 6:00 AM EDTMIAMI, June 26, 2018 /PRNewswire/ --
Net earnings of $310.3 million, or $0.94 per diluted share, which includes the following: $0.58 per diluted share related to backlog/construction in progress write-up related to purchase accounting $0.06 per diluted share related to acquisition and integration costs Excluding these items EPS would have been $1.58 per diluted share Deliveries of 12,095 homes up 57% New orders of 14,440 homes up 62%; new orders dollar value of $6.0 billion up 79% Backlog of 19,622 homes up 92%; backlog dollar value of $8.6 billion up 114% Revenues of $5.5 billion up 67%... More