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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's adjusted earnings per share came in at $2.94, beating the $2.31 estimate by analysts. ... The percentage of incentives was 8.4% in the quarter, down from 10.2% in the first quarter ...
High rates have prompted builders to offer a variety of incentives from mortgage rate buydowns to price reductions. Lennar cut its average sales price to $413,000 during the quarter, an 8% drop ...
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]
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.
List of Traded players ahead of 2024 Auction Player Nationality Salary From To Date Ref Romario Shepherd West Indies ₹ 50 lakh (US$60,000) Lucknow Super Giants: Mumbai Indians: 3 November 2023 [4] Avesh Khan India ₹ 10 crore (US$1.2 million) Rajasthan Royals: 22 November 2023 [4] Devdutt Padikkal India ₹ 7.75 crore (US$930,000) Rajasthan ...
See you at closing! Gary Sandler is a full-time Realtor and president of Gary Sandler Inc., Realtors in Las Cruces, New Mexico. He loves to answer questions and can be reached 575-642-2292 or Gary ...
The 2023 Players Championship was the 49th playing of the Players Championship, having been played at TPC Sawgrass in Ponte Vedra Beach, Florida from March 9–12. The winner was Scottie Scheffler , who shot a 69 in the final round to finish at 271 (−17) to win his first Players Championship, five strokes ahead of runner-up Tyrrell Hatton .