Lennar Beats Earnings Estimates. The Stock Drops.
Lennar reported third-quarter earnings on Thursday that beat estimates as homes for sale remained in short supply. Yet the company’s shares were falling, even as its executive chairman said stronger demand from home-buyers lies ahead.
US homebuilder Lennar beats Q3 profit estimates on higher home deliveries
Lennar Corp reported third-quarter profit above Wall Street estimates on Thursday, as a historically low housing supply kept demand strong and declining fixed mortgage rates lured in more skittish buyers to the market.
Lennar: Fiscal Q3 Earnings Snapshot
The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.62 per share. The homebuilder posted revenue of $9.42 billion in the period, which also beat Street forecasts.
Lennar Corp. Reveals Advance In Q3 Profit, Beats Estimates
Lennar Corp. (LEN.B) reported a profit for its third quarter that increased from last year and beat the Street estimates. The
Lennar Q3 Earnings & Revenues Beat, Stock Down on Tepid Q4 View
Lennar Corporation LEN reported third-quarter fiscal 2024 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate. On a year-over-year basis, revenues increased, given the company’s emphasis on maintaining a steady production rate to drive sales momentum.
Lennar stock slides after disappointing Q4 margin guidance as Q3 earnings beat
Lennar (NYSE:LEN) stock dipped 3.7% in Thursday after-hours trading after the company's guidance for Q4 gross margin trailed the average analyst estimate as incentives continued to help drive new orders.
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