Lennar’s stock price rose 5 percent on Tuesday after the Miami-based homebuilder posted better than expected earnings amid a surge in new home sales. The company announced second quarter net earnings of $310.3 million, or $0.94 per diluted share, far exceeding Wall Street’s expectations of $0.45 per share. The earnings were largely driven by new home sales from Lennar’s acquisition of CalAtlantic, which it completed in February, making the Miami company the largest homebuilder in […]
source https://therealdeal.com/miami/2018/06/26/lennars-stock-jumps-as-q2-earnings-beat-analysts-expectations/#new_tab
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