Lennar Q3 Earnings & Revenues Beat, Stock Down on Tepid Q4 View
LENLennar(LEN) ZACKS·2024-09-21 00:51

Lennar Corporation (LEN) reported third-quarter fiscal 2024 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate.On a year-over-year basis, revenues increased, given the company’s emphasis on maintaining a steady production rate to drive sales momentum. Lennar strategically utilized pricing, incentives, marketing expenditure and dynamic pricing insights to ensure steady sales volume despite fluctuations in interest rates.However, earnings fell by a cent from the year-ago period. ...