Overview
- Lennar posted second-quarter revenue of $8.38 billion, surpassing analysts’ forecast of $8.16 billion.
- Earnings per share of $1.81 to $1.90 fell short of the $1.94 analyst estimate.
- The company delivered 20,131 homes, marking a 2% year-over-year increase, and secured 22,601 new orders.
- Homebuilding operating earnings reached $728 million while gross margins held near 18%.
- It projects 22,000 to 23,000 home deliveries in Q3 to sustain its sales momentum.