Update: Lennar Q1 Earnings, Revenue Rise; Shares Down Pre-Bell-February 2024-www.financetom.com

Update: Lennar Q1 Earnings, Revenue Rise; Shares Down Pre-Bell

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Update: Lennar Q1 Earnings, Revenue Rise; Shares Down Pre-Bell

Mar 14, 2024 3:16 AM

05:55 AM EDT, 03/14/2024 (MT Newswires) -- (Updates with the stock move in the headline and the last paragraph.)

Lennar ( LEN ) on Wednesday reported Q1 earnings of $2.57 per diluted share, up from $2.06 a year earlier.

Analysts polled by Capital IQ expected $2.20.

Total revenue for the quarter ended Feb. 29 was $7.31 billion, up from $6.49 billion a year earlier.

Analysts expected $7.41 billion.

Shares of the company traded 2% lower in premarket activity on Thursday.

Price: 162.16, Change: -3.34, Percent Change: -2.02

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