Homebuilder Lennar Reports Better-Than-Expected Q2 Results: The Details
Portfolio Pulse from Erica Kollmann
Lennar Corp (NYSE:LEN) reported better-than-expected Q2 earnings and sales, with earnings per share of $3.38 and sales of $8.77 billion. New orders increased by 19% and deliveries by 15%, although the average sales price per home decreased by 5%. Despite the positive results, Lennar shares fell 1.92% after-hours.
June 17, 2024 | 8:50 pm
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Lennar Corp reported better-than-expected Q2 earnings and sales, with significant increases in new orders and deliveries. However, the average sales price per home decreased by 5%. Despite the positive results, Lennar shares fell 1.92% after-hours.
Lennar's better-than-expected earnings and sales, along with strong new orders and deliveries, indicate positive performance. However, the decrease in average sales price and the after-hours share price drop suggest mixed investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100