Lennar Q3 EPS $3.91 Beats $3.51 Estimate, Sales $8.73B Beat $8.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lennar (NYSE:LEN) reported Q3 earnings of $3.91 per share, beating the analyst consensus estimate of $3.51 by 11.4%. However, this is a 24.52% decrease from the same period last year. The company also reported quarterly sales of $8.73 billion, beating the estimate of $8.45 billion by 3.31%, but this is a 2.28% decrease from the same period last year.
September 14, 2023 | 8:31 pm
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Lennar's Q3 earnings and sales beat estimates but decreased compared to the same period last year.
While Lennar beat analyst estimates for Q3 earnings and sales, the year-over-year decrease in both metrics could potentially concern investors. This mixed result makes the short-term impact on the stock price uncertain.
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