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Lennar earnings posts

Lennar Down After Q1 Report: Watch the Price Action

Posted Mar 29th 2011 5:30PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Lennar Corp'A' (LEN)

I'm sure shareholders of homebuilder Lennar (LEN) are in a flummoxed mood. The company posted what appeared to be a strong earnings report, yet its stock is experiencing some pressure. At the time of this writing, it was down 3.3% to $19.09 on robust volume.

According to the Associated Press, the company made 14 cents per share during the fiscal first quarter -- when the projection called for a loss of 5 cents per share. Great performance, right? And furthermore, this time last year at there was a Q1 loss of 4 cents per share. I mean, that has to be worth a bid, correct?

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The Week in Preview: Housing Data, Lennar's Earnings and More

Posted Sep 19th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Adobe Systems (ADBE), AutoZone Inc (AZO), Lennar Corp'A' (LEN), Economic Data, Housing

housing sales housing starts Housing steps into the spotlight again this coming week. The release of the National Association of Homebuilders Housing Market Index starts out the week on Monday morning. Then on Tuesday morning, look for housing starts data from August. Release of the July FHFA House Price Index is scheduled for Wednesday. And numbers for existing home sales and for new home sales in August are due out Thursday and Friday, respectively. Overall, the housing market is expected to have continued to lose momentum in August, but less dramatically than in July.

Also on the economic calendar this week: Tuesday's FOMC meeting on interest rates, the Conference Board's Leading Economic Indicators Index for August on Thursday, initial jobless claims for last week, and durable goods orders data for August on Friday. No significant changes from the Fed are anticipated, but the leading economic indicators may rise a bit.

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Lennar (LEN) gets nailed on weak earnings

Posted Sep 21st 2009 2:00PM by Michael Fowlkes (RSS feed)
Filed under: Earnings Reports, Market Matters, Lennar Corp'A' (LEN), Housing, Recession

Shares of homebuilder Lennar Corp. (NYSE: LEN) have been taking a beating today following weaker than expected earnings for its fiscal third quarter.

Traders have pushed shares of the company down over 5% after the company reported that it had lost 97 cents per share for the period. This was a much wider loss than the 46 cents per share that analysts had been expecting to see from the Miami based company.

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