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Lennar reported home sales gross margins of 22.1% in the quarter compared with 24.2% in the previous year. Its fourth-quarter revenue fell to $9.95 billion, below analysts' estimate of $10.08 billion.
Lennar shares are down about 20% this year with the S&P Homebuilders ETF off about 28% in 2022. The company reported gross margin on home sales at 24.8%, down from 29.2% from the prior quarter.
Lennar's adjusted earnings per share came in at $2.94, beating the $2.31 estimate by analysts. ... incentives, including rate buydowns and production costs in order to enable customers to afford ...
In 2023, the company was ranked 119th on the Fortune 500. [5] Lennar stock (LEN) was added to the New York Stock Exchange in 1982 and as of 2024 has a market cap of around $47 billion. [6] The name Lennar is a portmanteau of the first names of two of the company's founders, Leonard Miller and Arnold Rosen. [7]
To be sure, Lennar noted on its call that homebuyer demand remained strong thanks to a chronic inventory shortage. New orders increased 28% to 18,176 homes in the quarter, higher than the company ...
Hired as a player development coach by the Miami Heat [11] October 2: Josh Magette: Atlanta Hawks (2017–2018) Orlando Magic (2019–2020) 33 Also played in the NBA D-League/G League and abroad [12] October 20: Andre Iguodala: Philadelphia 76ers (2004–2012) Denver Nuggets (2012–2013) Golden State Warriors (2013–2019; 2021–2023) Miami ...
This is a list of protests and unrest in the United States between 2020 and 2023 against systemic racism towards black people in the United States, such as in the form of police violence. [ 1 ] [ 2 ] [ 3 ] Following the murder of George Floyd , unrest broke out in the Minneapolis–Saint Paul area on May 26, 2020, and quickly spread across the ...
Lennar is also looking to end the year with a bang. For the fourth quarter, Lennar expects to deliver between 21,500 to 22,500 homes, while Bloomberg analysts are estimating 20,446 homes.