Recap: Lennar Q2 Earnings
Portfolio Pulse from Benzinga Insights
Lennar Corporation (NYSE:LEN) reported Q2 earnings with an EPS of $2.94, beating estimates by 26.72%. However, revenue was down $314 million compared to the same period last year.
June 14, 2023 | 8:40 pm
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Lennar's Q2 earnings beat estimates with a 26.72% higher EPS, but revenue declined by $314 million YoY.
Lennar's Q2 earnings beat estimates, which is a positive sign for investors. However, the decline in revenue compared to the same period last year may offset the positive impact of the higher EPS. This mixed performance makes it difficult to predict the short-term price direction for the stock.
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