Tag: $Lennar

Berkshire Hathaway bought 2.4 Home Builder more shares of Lennar on Thursday and Friday and now owns a 12% stake in the big home builder, worth around $2.2 billion. 

Lennar’s second-quarter revenue missed Wall Street’s expectations, according to financial results released Thursday as housing market headwinds kept on blowing.

Lennar one of the nation’s largest home builders, missed earnings estimates for its fourth quarter and issued disappointing guidance, sending shares falling. It isn’t a good omen for other builders—but the report contains some company-specific quirks.

Berkshire Hathaway bought shares of UnitedHealth Group, home builder Lennar and Nucor  in the second quarter, among other moves.

Lennar reported third-quarter earnings on Thursday that beat estimates as homes for sale remained in short supply. Yet the company’s shares were falling in after-hours trading, even as its executive chairman said stronger demand from home-buyers lies ahead.

Lennar logged higher revenue in its fiscal second quarter after reporting a jump in home deliveries and new orders amid sales incentives directly aimed at the consumer.

Lennar , one of the nation’s largest home builders, beat expectations for third-quarter revenue and profit on Thursday, demonstrating that demand for new homes remained strong through August.