Lennar Q4 Adj $5.17 Beats $4.59 Estimate, Sales $10.97B Beat $10.22B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lennar Corporation (NYSE:LEN) reported Q4 adjusted earnings of $5.17 per share, surpassing the consensus estimate of $4.59 by 12.64%, and a 2.99% increase from $5.02 per share last year. Quarterly sales reached $10.97B, exceeding estimates of $10.22B by 7.32%, and marking a 7.81% increase from $10.17B in the same period last year.
December 14, 2023 | 9:36 pm
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POSITIVE IMPACT
Lennar Corporation reported strong Q4 earnings and sales, beating analyst estimates on both fronts, with year-over-year growth in earnings and sales.
Beating both earnings and sales estimates typically leads to a positive market reaction, as it indicates the company is performing better than expected. The year-over-year growth further strengthens investor confidence in the company's financial health.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100