LEN241220P175000
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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.
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
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Express News | Lennar Corp Shares Down 6.7% After the Bell Following Results, Outlook
Lennar Stock Slides After Earnings Miss. Rising Mortgage Rates Were an Issue. -- Barrons.com
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Lennar Corp | 8-K: Lennar Reports Fourth Quarter and Fiscal 2024 Results
Lennar: 4Q Gross Margins Decreased Primarily Because Rev per Square Foot Decreased While Land Costs Increased Yr Over Yr >LEN