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Stock Market & Financial Investment News

News Breaks
March 20, 2014
06:09 EDTLENLennar reports Q1 EPS 35c, consensus 28c
Reports Q1 revenue $1.36B, consensus $1.28B. Q1 EPS included a $45.9M tax provision. Reports Q1 home deliveries up 13% to 3,609 homes. Reports Q1 new orders up 10% to 4,465 homes. Reports Q1 new orders dollar value of $1.5B. Reports Q1-end backlog up 15% to 5,662 homes. Stuart Miller, CEO of Lennar, said, "We are extremely pleased with our operating results in Q1. Despite harsh weather conditions that impacted sales and construction during the quarter in some of our markets, we were able to achieve healthy year over year increases in both new orders and deliveries. Additionally, an 18% increase in average sales price and continued momentum from our land acquisition strategy drove gross and operating margin increases by over 300 basis points to 25.1% and 13.2%, respectively, the highest first quarter gross and operating margin in the company's history."
News For LEN From The Last 14 Days
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September 17, 2014
12:22 EDTLENOn The Fly: Midday Wrap
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11:43 EDTLENLennar sees Q4 gross margins 25%
Says has $5B apartment pipeline. Says sees 600-625 communities at end of year. Still sees 2,100-2,200 homes for 2014. Says doesn't expect to sell more apartments this year. Says "deep in the midst" of investment cycle. Says would consider dividends, buybacks, will keep investing capital for "a couple of years."
11:18 EDTLENLennar says slow housing recovery 'healthy' for company
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06:07 EDTLENLennar reports Q3 EPS 78c, consensus 67c
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September 16, 2014
15:14 EDTLENNotable companies reporting before tomorrow's open
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14:49 EDTLENLennar September 39 straddle priced for 4.3% move into Q3
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September 15, 2014
09:43 EDTLENCitadel Advisors reports 5.4% passive stake in Lennar
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September 9, 2014
14:56 EDTLENLennar volatility flat into Q3 and revenue outlook
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10:25 EDTLENGundlach sees homebuilder stocks continuing to disappoint
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10:10 EDTLENOn the Fly: Analyst Upgrade Summary
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05:44 EDTLENLennar upgraded to Overweight from Neutral at JPMorgan
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