Trade with Eva : Analytics in action: -=Lennar (LEN) reported earnings on Wed 4 Apr 2018 (b/o)

Wednesday, April 4, 2018

Lennar beats by $0.29, misses on revs

Reports Q1 (Feb) earnings of $1.11 per share, $0.29 better than the Capital IQ Consensus of $0.82; revenues rose 27.5% year/year to $2.98 bln vs the $3.05 bln Capital IQ Consensus.
- Deliveries of 6,765 homes -- up 24%, including 819 homes from acquired CalAtlantic communities
- New orders of 8,456 homes -- up 30%; new orders dollar value of $3.4 billion -- up 38% including 1,069 homes with a dollar value of $507.9 million from acquired CalAtlantic communities
- Backlog of 17,566 homes -- up 95%; backlog dollar value of $7.7 billion -- up 118% including 7,190 homes with a dollar value of $3.6 billion from acquired CalAtlantic communities