Lennar Q2 2024 Adj EPS $3.38 Beats $3.24 Estimate, Sales $8.77B Beat $8.52B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lennar (NYSE:LEN) reported Q2 2024 adjusted EPS of $3.38, beating the estimate of $3.24. Sales were $8.77 billion, surpassing the $8.52 billion estimate and showing an 8.95% increase from the same period last year.
June 17, 2024 | 8:30 pm
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POSITIVE IMPACT
Lennar's Q2 2024 earnings and sales both exceeded analyst expectations, with EPS at $3.38 beating the $3.24 estimate and sales at $8.77 billion surpassing the $8.52 billion estimate. This strong performance is likely to positively impact the stock price in the short term.
Lennar's better-than-expected earnings and sales figures indicate strong financial performance, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100