What Lennar's Earnings Mean For Mutual Fund Investors (LEN)

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

Lennar Corporation logo

News

What Lennar's Earnings Mean For Mutual Fund Investors (LEN)

Shauna O'Brien Mar 19, 2015



Inside LEN’s Results


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.

Revenue
The company reported a 21% increase in quarterly sales to $1.64 billion. Analysts expected to see $1.50 billion in revenue.


Sales Surge As The Housing Market Recovers


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.


Mutual Funds to Watch



The Bottom Line


If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.

Popular Articles

Download Our Free Report

Why 30 trillion is invested in mutual funds book