{"id":181425,"date":"2023-09-15T15:40:17","date_gmt":"2023-09-15T15:40:17","guid":{"rendered":"https:\/\/precoinnews.com\/?p=181425"},"modified":"2023-09-15T15:40:17","modified_gmt":"2023-09-15T15:40:17","slug":"lennar-shares-fall-on-decreased-q3-profit","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/lennar-shares-fall-on-decreased-q3-profit\/","title":{"rendered":"Lennar Shares Fall On Decreased Q3 Profit"},"content":{"rendered":"
Shares of home builder Lennar Corporation (LEN) are falling more than 4% Friday morning after reporting lower profit as well revenue in the third quarter.<\/p>\n
Net earnings in the third quarter were $1.109 billion, or $3.87 per share, lower than $1.467 billion, or $5.03 per share in the same quarter a year ago.<\/p>\n
Excluding one-times, earnings were $1.1 billion or $3.91 per share, that missed the average estimate of analysts polled by Thomson-Reuters of $4.09 per share.<\/p>\n
Quarterly revenue declined to $8.729 billion from $8.934 billion last year. The consensus estimate was for $9.36 billion.<\/p>\n
LEN is at $112.27 currently. It has traded in the range of $69.90 – $133.24 in the last 1 year. <\/p>\n