Lennar Stock Falls On Soft Deliveries Outlook: What To Know
LENLennar(LEN) Kiplinger.com·2024-06-19 00:00

Lennar (LEN) stock is lower Tuesday after the homebuilder beat analysts' expectations for its fiscal second- quarter results but issued a soft deliveries outlook for its fiscal third quarter. In the three months ended May 31, Lennar's revenue increased 9% year-over-year to 8.8billion.Theboostinsaleswasdrivenbya158.8 billion. The boost in sales was driven by a 15% jump in deliveries to 19,690 homes, while new orders were up 19% to 21,293 homes. Lennar also said earnings per share (EPS) rose 14.6% from the year-ago period to 3.45. Subscribe to Ki ...