Lennar misses Q3 sales and GAAP profit expectations
Lennar reported Q3 sales of $8.05 billion, down 8.7% year on year, missing Wall Street’s revenue expectations. GAAP profit was $1.19 per share, 7.6% below analysts’ consensus estimates.
Homebuilder Lennar NYSE:LEN missed Wall Street’s revenue expectations in Q3 CY2026, with sales falling 8.7% year on year to $8.05 billion. Its GAAP profit of $1.19 per share was 7.6% below analysts’ consensus estimates. Lennar (LEN) Q3 CY2026 Highlights: Stuart Miller, Executive Chairman, Chief Execut…