— 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.
After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many
Lennar (LEN) believes that despite near-term challenges, the long-term prospects for housing remain strong
Shares of Lennar Corporation (NYSE: LEN) were down 3% on Monday. The stock has dropped 36% year-to-date and 25% over the past 12 months. The homebuilder delivered mixed results for
Shares of KB Home (NYSE: KBH) were up slightly on Friday. The stock has dropped 40% year-to-date and 35% over the past 12 months. The company delivered mixed results for