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Lennar shares fell 5.6% in pre-market trading after the homebuilder reported third-quarter adjusted earnings of $1.23 per share, below the $1.32 estimate. New orders declined 9% to 20,879 homes, while deliveries fell 3% to 20,840. Lennar reported $8.0 billion in total revenue as elevated mortgage rates and affordability pressures weighed on the housing market.

For informational and educational purposes only. Not financial advice.

#Lennar #LEN #HousingMarket #Earnings #StockMarket
Transcript
00:00Lennar fell 5.60% today, pre-market. Lennar is down 5.6% pre-market after reporting quarterly
00:09results. In its SEC filing, Lennar reported adjusted earnings of $1.23 per share against
00:18an estimate of $1.32, while new orders declined 9% from a year earlier. The company said mortgage
00:27rates and affordability had slowed purchase decisions, making the market's response to
00:32weaker earnings and housing demand the key issue today. Full pre-market briefing, tap the related video.
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After-the-fact Expert
Creator
Does Lennar’s earnings miss change your outlook for homebuilder stocks, or do housing shortages leave the industry’s longer-term story intact?

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