Lennar: Q4 misses consensus
(CercleFinance.com) - Lennar has reported Q4 EPS growth that is up 87% at 2.
42 dollars per share - although when adjusted for extraordinary items, EPS reached 1.96 dollars, therefore three cents below the consensus.
The luxury home builder's revenues leapt 71% to 6.5 billion dollars, reflecting both a 64% increase in the number of homes delivered and a rise in the average price. At 6.6 billion dollars, its backlog increased by 85%.
Due to continued weakness and uncertainty during this period of the year, which is less active, the group is deferring its targets for FY 2019 until the markets are clearer, CEO Stuart Miller said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
42 dollars per share - although when adjusted for extraordinary items, EPS reached 1.96 dollars, therefore three cents below the consensus.
The luxury home builder's revenues leapt 71% to 6.5 billion dollars, reflecting both a 64% increase in the number of homes delivered and a rise in the average price. At 6.6 billion dollars, its backlog increased by 85%.
Due to continued weakness and uncertainty during this period of the year, which is less active, the group is deferring its targets for FY 2019 until the markets are clearer, CEO Stuart Miller said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.