June 26, 2014 6:58 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Lennar (NYSE: LEN) reported better-than-expected fiscal second-quarter earnings. Lennar's quarterly profit gained to $137.7 million, from a year-ago profit of $137.4 million. On a per-share basis, its earnings came in flat at $0.61 per share. Its revenue climbed 27% to $1.82 billion. However, analysts were projecting a profit of $0.51 per share on revenue of $1.68 billion. Lennar's deliveries increased 12% to 4,987 homes, while the average sale price of homes delivered surged 14%. New orders surged around 8% to 6,183 homes. Revenue from Lennar's home-building segment surged 29% to $1.63 billion. Operating earnings for the company's home-building segment jumped 47% to $234.5 million, while operating earnings for its financial services division declined 37% to $18.3 million. Operating earnings for the Rialto Investments segment surged to $13.4 million in the quarter from $2.8 million, while operating loss for the Lennar Multifamily segment came in at $7.2 million versus $1.4 million.Stuart Miller, Chief Executive Officer of Lennar, said, "We are extremely pleased with our operating results in the second quarter. Our core homebuilding business is hitting on all cylinders.”Lennar shares gained 1.16% to $42.00 in pre-market trading.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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