Lennar Reports First Quarter EPS of $0.74
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Lennar Corp. (LEN) Misses Q1 EPS by 2c, Revenues Miss
March 27, 2019 6:03 AM EDTLennar Corp. (NYSE: LEN) reported Q1 EPS of $0.74, $0.02 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $4.11 billion.
Net earnings of $239.9 million, or $0.74 per diluted share, compared to net earnings of $136.2 million, or $0.53 per diluted shareDeliveries of 8,820 homes up 30%New orders of 10,463 homes up 24%; new orders dollar value of $4.2 billion up 23%Backlog of 17,259 homes down 2%; backlog dollar value of $7.1 billion down 7%Revenues of $3.9 billion up 30%Homebuilding operating margins of $384.9 million, compared to $258.1 millionGross... More