Lennar Corporation (LEN) Q1 2009 Earnings Results

Lennar Corp Misses on EPS — Stock Down 13.78%

The earnings report reflects ongoing struggles for Lennar Corp in a challenging housing market, leading to a significant stock drop of 13.78%. The missed EPS indicates that the company is facing difficulties in managing costs and demand. Investors may be concerned about the lack of guidance and the overall outlook for the housing sector.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$-0.98	N/A	-38.03%

Management

Management commentary

Tone: Defensive

Management acknowledged the tough environment for homebuilders and indicated a cautious approach moving forward. They focused on cost control and efficiency.

Management expressed concerns about the current housing market conditions.

They highlighted ongoing challenges in demand and pricing.

There was an emphasis on maintaining operational efficiency.

Lennar Corp Misses on EPS — Stock Down 13.78%

Key numbers

Management commentary

Lennar Corporation

More earnings this week

Lennar Corp Misses on EPS — Stock Down 13.78%

Key numbers

Management commentary