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Stock Market & Financial Investment News

News Breaks
June 24, 2014
09:35 EDTLENLennar positioned to outperform, says Cleveland Research
Cleveland Research said Lennar has modest risk to new home volumes but it will largely be offset with margin progress and share gains. The analyst is ahead of consensus for Q2 and believes Lennar is positioned to outperform.
News For LEN From The Last 14 Days
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March 19, 2015
11:52 EDTLENLennar says "enthusiastic" about prospects for Rialto
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11:23 EDTLENLennar sees strong top, bottom line growth for 2015
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11:22 EDTLENLennar says still on track to deliver 23,500-24,000 homes for 2015
Still expects apartment unit to be profitable for FY. Says still on track to deliver 23,500-24,000 homes for 2015. Severe weather conditions has delayed some construction activities, will slightly reduce backlog conversion ratio. Still expects gross margins for FY to average 24%, Q4 highest gross margin percent for year. Says increasing goal for financial services for FY due to strong refinance environment, now expects to earn $95M-$100M for FY. Sees FY range of profits for Rialto $30M-$40M for FY, heavily weighted to Q4. Sees FY15 effective tax rate in mid-34% range. Says active community count on track to hit 675 by end of 2015.
11:10 EDTLENLennar says housing market continuing slow, steady recovery
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06:03 EDTLENLennar reports Q1 EPS 50c, consensus 45c
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