Notable ETF Movers of the Day 01/16: (USO) Higher; (XME) (XHB) Lower
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Lennar (LEN) SG&A Gains Could Fuel More Upside
January 16, 2013 10:17 AM ESTOn Tuesday homebuilder Lennar (NYSE: LEN) reported Q4 results that topped estimates on the top and bottom line. Investor' reaction was mixed, and shares of Lennar experienced choppy trading following the announcement.
Commenting on developments, David Williams said he thinks... More
Carpenter Tech (CRS) Cuts Q2 Outlook
January 15, 2013 6:02 PM ESTCarpenter Technology Corporation (NYSE: CRS) reported that it expects net sales, excluding surcharge, of $431 million for its second fiscal quarter ended December 31, 2012. This compares to $441 million reported in the first fiscal quarter of 2013, and is 30 percent higher than the second quarter of fiscal year 2012. Carpenter continued to see strong demand for its Premium and Ultra-Premium products sold into the Aerospace and Energy markets, but saw weaker demand in lower value product lines, which were impacted by... More
Lennar (LEN) Investors Show Jitters Despite Impressive Q4
January 15, 2013 9:06 AM ESTOn Tuesday homebuilder Lennar (NYSE: LEN) reported Q4 results that topped estimates on the top and bottom line. Despite the beat, shares were choppy in pre-market trading.
Lennar Corp. reported revenue of $1.35 billion, topping estimates of $1.32 billion. Last year the homebuilder reported revenue of only $952 million. Deliveries... More
Lennar Corp. (LEN) Tops Q4 EPS by 11c; Deliveries Rose 32%
January 15, 2013 6:02 AM ESTLennar Corp. (NYSE: LEN) reported Q4 EPS of $0.56, $0.11 better than the analyst estimate of $0.45. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.32 billion.
Deliveries up 32 percent to 4,443 homes, new orders up 32 percent to 3,983 homes, backlog up 87 percent to 4,053... More
