offline
Lennar (LEN) Q4 Earnings and Revenues Beat, Shares Rise
Lennar Corporation’s LEN shares gained 3.2% after the company reported better-than-expected results in fourth-quarter fiscal 2019 (ended Nov 30, 2019). This marks the third consecutive quarter of earnings beat. The results mainly benefited from solid demand for new homes, depicting healthy housing market fundamentals stemming from low unemployment, higher wages and a decline in inventory levels.
The company reported quarterly earnings of $2.13 per share, surpassing the Zacks Consensus Estimate of $1.90 by 12.1%. Also, the reported figure jumped 15.8% from $1.84 reported in the year-ago quarter (excluding one-time gain of 58 cents per share from the sale of Rialto and non-recurring expenses). The upside was mainly driven by higher deliveries and continued operating leverage, backed by technological efforts.
Revenues of $6.97 billion topped the consensus estimate of $6.7 billion by 4.9%. The reported figure also increased 7.9% year over year.
...
https://finance.yahoo.com/news/lennar-le...02738.html
![[Bild: LENc1dl1516.png]](https://finviz.com/publish/010820/LENc1dl1516.png)
Lennar Corporation’s LEN shares gained 3.2% after the company reported better-than-expected results in fourth-quarter fiscal 2019 (ended Nov 30, 2019). This marks the third consecutive quarter of earnings beat. The results mainly benefited from solid demand for new homes, depicting healthy housing market fundamentals stemming from low unemployment, higher wages and a decline in inventory levels.
The company reported quarterly earnings of $2.13 per share, surpassing the Zacks Consensus Estimate of $1.90 by 12.1%. Also, the reported figure jumped 15.8% from $1.84 reported in the year-ago quarter (excluding one-time gain of 58 cents per share from the sale of Rialto and non-recurring expenses). The upside was mainly driven by higher deliveries and continued operating leverage, backed by technological efforts.
Revenues of $6.97 billion topped the consensus estimate of $6.7 billion by 4.9%. The reported figure also increased 7.9% year over year.
...
https://finance.yahoo.com/news/lennar-le...02738.html
__________________
