Lennar: falls short of expectations in Q4
(CercleFinance.com) - Homebuilder Lennar has reported Q4 2017 net profit group share that is down 1.
3% at 309.5 million dollars (to end-November 2017), or 1.29 dollar per share, with EPS falling 20 cents short of the consensus.
However, home sales increased by 14% to 3.3 billion dollars, reflecting both a 5% increase in the number of homes delivered, to 8,614 units, and an 8% increase in the average price to 387,000 dollars.
Boasting an order book that is up 17% at 8,935 homes (+23% to 3.6 billion dollars), the US manufacturer of high-quality properties is well placed for a strong new year in 2018.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
3% at 309.5 million dollars (to end-November 2017), or 1.29 dollar per share, with EPS falling 20 cents short of the consensus.
However, home sales increased by 14% to 3.3 billion dollars, reflecting both a 5% increase in the number of homes delivered, to 8,614 units, and an 8% increase in the average price to 387,000 dollars.
Boasting an order book that is up 17% at 8,935 homes (+23% to 3.6 billion dollars), the US manufacturer of high-quality properties is well placed for a strong new year in 2018.
Copyright (c) 2018 CercleFinance.com. All rights reserved.