Lennar smashes past street estimates in Q2

Shares of homebuilder Lennar (LEN) rose 2.6% during premarket trading after the company topped both top and bottom line estimations during Q2 2018. This is the first quarterly result that includes the company’s recently acquired CalAtlantic’s operations. The company’s strong results were mainly due to steady economic growth and low rate of unemployment. Revenue rose … Continue reading Lennar smashes past street estimates in Q2