Lennar Corp. (LEN) Reports In-Line Q4 EPS, Revenues Miss; 'Deferring Guidance for FY19 Until Markets Further Define Themselves'

Go back to Lennar Corp. (LEN) Reports In-Line Q4 EPS, Revenues Miss; 'Deferring Guidance for FY19 Until Markets Further Define Themselves'

Lennar Reports Fourth Quarter EPS of $2.42

January 9, 2019 6:00 AM EST

MIAMI, Jan. 9, 2019 /PRNewswire/ -- 

2018 Fourth Quarter

Net earnings of $796.1 million, or $2.42 per diluted share, compared to $309.6 million, or $1.29 per diluted share, which includes the following: $0.58 per diluted share related to the gain on sale of Rialto investment and asset management platform, partially offset by non-recurring expenses ($0.09) per diluted share related to backlog/construction in progress write-up related to purchase accounting ($0.03) per diluted share related to CalAtlantic acquisition and integration costs Excluding these items, EPS would have been $1.96 per diluted... More