Lennar Corporation (NYSE: LEN) has had a good start to 2024 with the share price up by over 11% reaching new all-time highs.
On Wednesday, it was time for the US construction company to release the latest financial results for Q1 2024, ending on 29/2/24.
Lennar reported revenue of $7.313 billion for the quarter, which was below estimate of $7.39 billion. Revenue was up by 13% from the same period the year before.
Earnings per share topped expectations at $2.57 (up by 25% year-over-year) vs. $2.21 per share expected.
Company overview
Stock reaction
Shares were down by 0.28% at the end of Wednesday’s session at $165.50 a share.
The stock fell by around 1% in the after-hours trading.
Stock performance
Lennar stock price targets
Lennar Corporation is the 416th largest company in the world with a market cap of $45.63 billion, according to CompaniesMarketCap.
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Sources: Lennar Corporation, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
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