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researcher59

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Re: cliffvb post# 47103

Wednesday, 04/04/2018 9:50:37 AM

Wednesday, April 04, 2018 9:50:37 AM

Post# of 118688
LEN +3.09 to 60.18 after posting strong results this morning, lifting the homebuilders nicely higher -

briefing -

Lennar beats by $0.29, misses on revs (57.09 ) :
Reports Q1 (Feb) earnings of $1.11 per share, $0.29 better than the Capital IQ Consensus of $0.82; revenues rose 27.5% year/year to $2.98 bln vs the $3.05 bln Capital IQ Consensus.
Deliveries of 6,765 homes -- up 24%, including 819 homes from acquired CalAtlantic communities
New orders of 8,456 homes -- up 30%; new orders dollar value of $3.4 billion -- up 38% including 1,069 homes with a dollar value of $507.9 million from acquired CalAtlantic communities
Backlog of 17,566 homes -- up 95%; backlog dollar value of $7.7 billion -- up 118% including 7,190 homes with a dollar value of $3.6 billion from acquired CalAtlantic communities



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