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LEN reported earnings of $114.96 million, or 50 cents per share, compared to $78.12 million, or 35 cents per share, last year. On average, analysts expected to see EPS of 45 cents.
The company reported a 21% increase in quarterly sales to $1.64 billion. Analysts expected to see $1.50 billion in revenue.
The company also reported that new orders placed in Q1 rose 18% – which is good news for the financial prospects of future quarters.
As the housing market continues to recover, homebuilders like Lennar have been boosting incentives in order to increase sales.
|VMCIX||Vanguard Mid Cap||1.51%|
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