Tag: $Lennar

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.