Lennar Tops Earnings Estimates

Lennar Tops Earnings Estimates

Lennar reported earnings of $1.07 a share for 4Q 2014 versus $0.73 a share in the year earlier period. Analysts on average had expected earnings of $0.96 per share. Despite a strong quarter on a number of key metrics, the stock is taking a hit in intra-day trading due to softer margins, a trend which management stated could continue into 2015.

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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