Categories Consumer, Earnings

Lennar Corporation (LEN): Q1 2020 Earnings Snapshot

Earnings Update by AlphaStreet

— 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.

Also Read:  Lennar’s Q3 results beat expectations

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