Lennar Corporation (LEN) Q3 2018 Earnings Results

Lennar Corp A Beats on EPS, Stock Down 1.13%

Lennar's earnings report shows a solid performance in terms of EPS, exceeding expectations significantly. However, the stock reacted negatively, declining by 1.13%. This could be due to concerns about ongoing challenges in the housing market and supply chain issues, which management mentioned during the call.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$1.61	N/A	+23.34%
Revenue	N/A	N/A	N/A

Management

Management commentary

Tone: Cautiously Optimistic

Overall, management expressed a positive outlook on demand for new homes while acknowledging external challenges. They emphasized their focus on navigating these issues effectively.

Management highlighted strong demand in the housing market despite rising interest rates.

They noted ongoing challenges with supply chain issues affecting construction timelines.

Lennar Corp A Beats on EPS, Stock Down 1.13%

Key numbers

Management commentary

Lennar Corporation

More earnings this week

Lennar Corp A Beats on EPS, Stock Down 1.13%

Key numbers

Management commentary