Lennar Reports Fourth Quarter EPS of $2.13
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Lennar Corp. (LEN) Tops Q4 EPS by 23c, Revenues Beat
January 8, 2020 6:06 AM ESTLennar Corp. (NYSE: LEN) reported Q4 EPS of $2.13, $0.23 better than the analyst estimate of $1.90. Revenue for the quarter came in at $7 billion versus the consensus estimate of $6.63 billion.
2019 Fourth Quarter
Net earnings of $674.3 million, or $2.13 per diluted share, compared to $796.1 million, or $2.42 per diluted share (Q4 2018 included $0.58 per diluted share related to gain on sale of Rialto investment and asset management platform, partially offset by non-recurring expenses)Deliveries of 16,420 homes up 16%New orders of 13,089 homes up 23%; new orders dollar value of $5.2 billion up 23%Backlog of 15,577 homes compared to 15,616 homes; backlog dollar value of $6.3... More