Lennar Corp (NYSE:LEN) reported its third-quarter financial results after Thursday's closing bell. Here's a look at the details from the report.
The Details: Lennar reported quarterly earnings of $3.90 per share, which beat the analyst consensus estimate of $3.63 by 7.44%. Quarterly revenue clocked in at $9.416 billion, beating the consensus estimate of $9.164 billion and representing a 7.86% increase over the same period last year.
New orders increased 5% to 20,587 homes.
Lennar reported a backlog of 16,944 homes with a dollar value of $7.7 billion.
Deliveries increased 16% to 21,516 homes.
Lennar reported homebuilding operating earnings ...
