Lennar: EPS outstrips estimates
(CercleFinance.com) - Lennar Corp has Q3 net profit that is up 13.
3% at 513.4 million dollars, or 1.59 dollar per share, 25 cents above the consensus.
The homebuilder reported a 3% increase in sales to 5.9 billion dollars, despite a 5% slip in the average price of houses delivered, compared to the same period in 2018.
"Alors que le marché a continué de se consolider, stimulant à la fois l'accessibilité et la demande en logements, les nouvelles commandes et les livraisons ont progressé respectivement de 9% et 7%", explique le président exécutif Stuart Miller.
Stuart Miller, Executive Chairman of Lennar, said, "As the market continued to solidify through the third quarter, stimulating both the affordability and demand for homes, our new orders and deliveries increased 9% and 7%".
Copyright (c) 2019 CercleFinance.com. All rights reserved.
3% at 513.4 million dollars, or 1.59 dollar per share, 25 cents above the consensus.
The homebuilder reported a 3% increase in sales to 5.9 billion dollars, despite a 5% slip in the average price of houses delivered, compared to the same period in 2018.
"Alors que le marché a continué de se consolider, stimulant à la fois l'accessibilité et la demande en logements, les nouvelles commandes et les livraisons ont progressé respectivement de 9% et 7%", explique le président exécutif Stuart Miller.
Stuart Miller, Executive Chairman of Lennar, said, "As the market continued to solidify through the third quarter, stimulating both the affordability and demand for homes, our new orders and deliveries increased 9% and 7%".
Copyright (c) 2019 CercleFinance.com. All rights reserved.