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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

Lennar Third Quarter EarningsShares 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.

Continue reading Lennar (LEN) gets nailed on weak earnings

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