LEN's Q4 Earnings & Revenues Miss Estimates, Stock Down on Y/Y Decline
Lennar(LEN) ZACKS·2024-12-20 03:15
Lennar Corporation (LEN) reported tepid fourth-quarter fiscal 2024 results, wherein its adjusted earnings and total revenues missed the Zacks Consensus Estimate and declined year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The quarter’s performance was directly hit by a lag in the home sales pace due to a high mortgage rate scenario and low average selling price (ASP). Due to the affordability issue, the new orders during the quarter also showcased a downward trend.To ...