LEN - Homebuilder Lennar Reports Better-Than-Expected Q2 Results: The Details | Benzinga
Lennar Corp (NYSE:LEN) reported its second-quarter financial results after the closing bell Monday. Here's a look at the key figures from the report.
The Details: Lennar reported quarterly earnings of $3.38 per share, which beat the analyst consensus estimate of $3.24 by 4.32%.
Quarterly sales came in at $8.77 billion, which beat the analyst consensus estimate of $8.52 billion by 2.89% and represents a 8.95% increase over sales from the same period last year.
Lennar said new orders increased 19% to 21,293 homes and deliveries increased 15% to 19,690 homes. The average sales price, net of incentives, per home delivered was $426,000 in the second ...