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Stock Market & Financial Investment News

News Breaks
March 20, 2014
11:43 EDTLENLennar maintaining goal to deliver between 21K-22K homes for 2014
Says in Q1, has seen "clear signs" that volume is returning to the market even as severe weather made conditions difficult. began to see both traffic and sales volume begin a steady month by month improvement throughout the quarter. Says inventories are likely to remain constrained. Says all business well positioned for the future. Says will continue to see cost increases in some of the material, most notably drywall, lumber and siding that will begin to impact Q2 deliveries. Expects to be able to increase community count by 15% over the course of FY14. Anticipates that construction of development pipeline will be completed over the next four years. Sees net community count for the year at 600-625. Comments made during the company's Q1 earnings conference call.
News For LEN From The Last 14 Days
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September 30, 2014
11:15 EDTLENHigh option volume stocks
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September 24, 2014
09:05 EDTLENOn The Fly: Pre-market Movers
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08:38 EDTLENKB Home drops 3% to $16.49 after Q3 results miss estimates
KH Home (KBH) peers include Beazer Homes (BZH), D.R. Horton (DHI), Hovnanian (HOV), Lennar (LEN), M.D.C. Holdings (MDC), PulteGroup (PHM), Ryland Group (RYL) and Toll Brothers (TOL).
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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