— Lennar Corporation (NYSE: LEN) reported Q1 2020 earnings of $1.27 per share, vs. $0.84 expected.
— Revenues grew 16% to $4.5 billion, vs. $4.16 billion expected. Revenues from home sales increased 15% to $4.1 billion.
— Deliveries rose 17% to 10,321 homes.
— New orders were up 18% to 12,376 homes. Backlog totaled 17,632 homes.
— LEN shares rose 4.5% during pre-market trading hours on Thursday.
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