Lennar Q3 revenue near $8.0B; cuts full-year delivery guidance
Lennar reported Q3 revenue near $8.0B and GAAP net income of $284M. The company said deliveries and new orders fell and cut full-year delivery guidance. Berkshire raised its stake, and analysts trimmed targets amid mortgage-rate driven affordability strains.
0B and GAAP net income of $284M. Deliveries and new orders fell, and management cut full-year delivery guidance. Berkshire increased its stake, while analysts trimmed targets as mortgage-rate driven affordability strains weighed on the outlook.