Why Lennar Stock Is Moving Higher After Hours
Portfolio Pulse from Adam Eckert
Lennar Corp (NYSE:LEN) reported better-than-expected Q2 results, with revenues of $8.04 billion and EPS of $2.94. The company delivered 17,074 homes and received 17,885 new orders in Q2. Lennar expects Q3 home deliveries to be between 17,750 and 18,250, with a gross margin of 23.5% to 24%.
June 14, 2023 | 8:48 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Lennar Corp's better-than-expected Q2 results and positive outlook for Q3 may lead to a short-term increase in stock price.
Lennar Corp reported strong Q2 results, beating revenue and EPS estimates. The company also provided a positive outlook for Q3, expecting an increase in home deliveries and a higher gross margin. This news is likely to have a positive impact on the stock price in the short term, as investors may see the company's performance as a sign of strength in the housing market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100