Daily Stocks News » LEN

Lennar Corp. Posts Better-Than-Expected Q3 Results

Warren Paige — Tue, 24 Sep 2013 15:11:22 +0000

Homebuilder, Lennar Corporation (NYSE: LEN) said on Tuesday that fiscal third quarter earnings increased 39%, aided by stronger margins, jump in orders and deliveries and a staggering revenue growth. For the latest period, profit stood at $120.7 million or 54 cents a share, compared to a net income of $87.1 million or 40 cents a [...]

Homebuilders’ Shares Rally after Bernanke’s Dovish Remarks (DHI, KBH, TOL, SPF, LEN, PHM)

Warren Paige — Fri, 12 Jul 2013 07:57:25 +0000

Shares of most homebuilders rallied on Thursday, thanks to the Federal Reserve Chairman Ben Bernanke’s extremely dovish remarks.

While addressing a group of economists at the National Bureau of Economic Research,the Fed Chairman on Wednesday said that the bank still believes the need for continuing with its accommodating policy for foreseeable future. Bernanke said [...]

KB Home Tops Q2 Estimates, Shares Gain (KBH)

Warren Paige — Thu, 27 Jun 2013 16:09:35 +0000

KB Home (NYSE: KBH) reported lower-than-expected fiscal second-quarter loss on Thursday as the homebuilder benefitted from strong growth in home deliveries and higher average selling price amid gradually improving U.S. housing market.

Both adjusted loss and revenue exceeded analysts’ consensus estimate. Shares climbed about 3% in early trade.

KB Home’s better-than-expected performance follow some [...]

Lennar Corp. Q2 Results Beat Estimates (LEN, TOL)

Warren Paige — Tue, 25 Jun 2013 16:39:08 +0000

Lennar Corp. (NYSE: LEN) said on Tuesday that fiscal second quarter net income fell by 70% as the company had unfavorable comparables (more tax gains in the year earlier quarter); however shares climbed as both revenue and earnings exceeded street’s estimate. Strong growth in new orders and increase in home prices boosted the top line [...]

Lennar Beats Q1 Estimates, Orders and Backlogs See Staggering Growth (LEN)

Warren Paige — Wed, 20 Mar 2013 17:30:29 +0000

Shares of home builder, Lennar Corporation (NYSE: LEN) gained on Wednesday after the company reported fiscal first-quarter results which comfortably beat Street’s estimates as revenue soared thanks to increase in home deliveries and higher home prices in the backdrop of significantly improving housing market. Orders and backlog, two most important gauges on homebuilding sector as [...]

Lennar Reports Q4 Results (LEN)

Warren Paige — Tue, 15 Jan 2013 15:19:26 +0000

America’s largest homebuilder in terms of market capitalization, Lennar Corp. (NYSE: LEN) reported better-than-expected fiscal fourth-quarter results on Tuesday as revenue soared 42 percent during period, thanks to record low mortgage rates and contracting supply of existing homes which prompted Americans to own a new house.

The Miami-based homebuilder also reported a seventh consecutive [...]

Lennar Q3 Profit Rises Sharply (LEN)

Warren Paige — Mon, 24 Sep 2012 16:07:29 +0000

Florida-based Homebuilder and Mortgage Service provider, Lennar Corp. (NYSE: LEN) reported results for the third quarter of 2012 ending Aug 31, 2012.

Net sales increased by 34% to $1099.76 million from that of $820.19 million in Aug 2011. Earnings before tax increased drastically by 144% to $58.64 million from that of $24.08 million. Net [...]

Lennar Reports Better Than Expected Results (LEN)

Warren Paige — Wed, 27 Jun 2012 19:35:05 +0000

U.S.’s third biggest homebuilder Lennar Corp. (NYSE: LEN) reported on Wednesday that new orders rose for a fifth consecutive quarter and the company was also able to command higher prices in a market which is recovering slowly but surely.

The Company said that demand for new homes improved during the quarter, boosting its both [...]