Lennar Corp (NYSE:LEN) reported financial results for the fourth quarter after the market close on Tuesday. Here’s a rundown of the homebuilder’s report.
- Lennar stock is showing notable weakness. Why is LEN stock dropping?
Q4 Highlights: Lennar reported fourth-quarter revenue of $9.37 billion, beating analyst estimates of $9.02 billion, according to Benzinga Pro. The company reported adjusted earnings of $2.03 per share for the quarter, missing estimates of $2.21 per share.
New orders increased 18% year-over-year to 20,018 homes, and …