Lennar Reports Second Quarter EPS of $1.30
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Go back to Lennar Reports Second Quarter EPS of $1.30
June 25, 2019 11:33 AM EDT
Lennar Corp. (NYSE: LEN) trading near lows amid comments from the call. Says more entry level sales will drive down average selling price. Sees Q3 delivers 13,000-13,500. Shares down 3.9%.
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June 25, 2019 11:13 AM EDT
Lennar Corp. (NYSE: LEN) ticks up amid CEO comments from the call that the Housing market is improving.
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June 25, 2019 6:03 AM EDT
Lennar Corp. (NYSE: LEN) reported Q2 EPS of $1.30, $0.16 better than the analyst estimate of $1.14. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.1 billion.
Net earnings of $421.5 million, or $1.30 per diluted share, compared to net earnings of $310.3 million, or $0.94 per diluted shareDeliveries of 12,729 homes up 5%New orders of 14,518 homes up 1%; new orders dollar value of $5.8 billion down 4%Backlog of 19,061 homes down 3%; backlog dollar value of $7.7 billion down 10%Revenues of $5.6 billion up 2%Homebuilding operating margins of $608.3 million, compared to $427.9 millionGross margin on home sales of...
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