Lennar (LEN) reported earnings on Fri 18 Dec 2015 (b/o)

** charts before earnings **

  

** charts after earnings **

  

Lennar beats by $0.09, reports revs in-line :

Reports Q4 (Nov) earnings of $1.21 per share, $0.09 better than the Capital IQ Consensus of $1.12; revenues rose 14.0% year/year to $2.95 bln vs the $2.97 bln Capital IQ Consensus.

• Deliveries of 7,657 homes -- up 10%
• New orders of 6,053 homes -- up 10%; new orders dollar value of $2.1 billion-- up 20%
• Backlog of 6,646 homes -- up 14%; backlog dollar value of $2.5 billion -- up 25%
• Gross margin on home sales of 24.6%, compared to 25.6% in Q4 2014, improved sequentially 50 basis points from Q3 2015