Shares of Lennar LEN rose 3.76% in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share were up 32.39% year over year to $2.82, which beat the estimate of $2.37.
Revenue of $6,826,000,000 decreased by 2.09% from the same period last year, which beat the estimate of $6,650,000,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Technicals
Company's 52-week high was at $86.80
52-week low: $25.42
Price action over last quarter: down 2.83%
Company Profile
After merging with CalAtlantic in February 2018, Lennar has become the largest homebuilder (by revenue) in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction.
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