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15.12.2021 22:35:10
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Lennar Corp. Profit Advances In Q4, but misses estimates
(RTTNews) - Lennar Corp. (LEN.B) announced earnings for its fourth quarter that increased from last year but missed the Street estimates.
The company's earnings came in at $1.19 billion, or $3.91 per share. This compares with $0.88 billion, or $2.82 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $4.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 23.4% to $8.43 billion from $6.83 billion last year.
Lennar Corp. earnings at a glance:
-Earnings (Q4): $1.19 Bln. vs. $0.88 Bln. last year. -EPS (Q4): $3.91 vs. $2.82 last year. -Analyst Estimate: $4.15 -Revenue (Q4): $8.43 Bln vs. $6.83 Bln last year.
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| Lennar Corp. | 103,60 | -6,58% |
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| Lennar CorpShs -B- | 109,20 | -3,45% |
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