LEN241220P144000
- 7.02
- +3.40+93.92%
Lennar Corp Newsroom
The construction of single-family residences in the USA rebounded in November, but policy uncertainty may become a new obstacle.
A report released by the USA Department of Commerce on Wednesday shows that as the impact of the hurricane gradually weakens, there is a rebound in single-family Residence construction in the USA in November.
Lennar Corp's revenue and net income in the fourth quarter declined year-on-year, falling below expectations.
Gelonghui, December 19 | Homebuilder Lennar Corp announced its Q4 results for the 2024 fiscal year, with revenue declining by 9% year-on-year to $9.95 billion, falling short of Analyst expectations of $10.06 billion; Net income is $1.1 billion, with EPS of $4.06, down from $1.36 billion last year, with EPS of $4.82, while Analyst expectations were $4.15. During this period, the number of home deliveries dropped by 7% year-on-year to 22,206 units; new Order volume fell by 3% year-on-year to 16,895 units. The company expects home delivery volume in the first fiscal quarter to be between 17,000 and 17,500 units.
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Express News | Lennar Corp Exec on the Issue of Immigration - the Potential Impact of the Chain of Immigration Policies Is Much More Difficult to Assess
Express News | Lennar Corp Exec on Potential Impact of New Tariffs -We Made a Major Shift Starting 8 Years Ago to Move Away From Chinese and Other Asian Manufacturing
Express News | Lennar Corp Exec - We Expect to Deliver Approximately 86,000 to 88,000 Homes in 2025
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Lennar Blames High Rates for Sales Miss but Says Its Home Prices Also Need to Fall
Express News | Lennar Corp CEO - Overall Economic Environment Which We Believe Last Quarter Was Constructive for the Home Building Industry Has Turned More Challenging Conf Call
Lennar on Track for Lowest Close Since December 2023 -- Data Talk
U.S. stock market movement | Revenue and net income fell short of expectations, Lennar Corp (LEN.US) briefly dropped over 7%.
As of the time of writing, the stock has dropped 3.4%, priced at $140.96.
Express News | Lennar Corp Shares Down 3.7% After Co Reports Q4 Results Below Estimates
Lennar Stock Slides After Homebuilder Logs Lower Profit, Revenue -- WSJ
Wedbush Reiterates Neutral on Lennar, Maintains $164 Price Target
Lennar Analyst Ratings
Lamb Weston Posts Weak Q2 Results, Joins Micron, Lennar And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Mortgage Rates Creating 'Tug-of-war' With Affordability: Fannie Mae
Stocks Gain Pre-Bell as Traders Digest Fed Rate Cut; Asia, Europe Down
Lennar Sees Sequential Decline in Home Deliveries as Fiscal Fourth-Quarter Results Miss Views
KBW Maintains Lennar Corp(LEN.US) With Buy Rating, Cuts Target Price to $210