Lennar Corp. saw its stock drop on Tuesday after it released second quarter earnings and said that tariffs on Chinese goods are costing the company an average of about $500 per home. Still, the Miami-based homebuilder’s quarterly earnings beat analysts’ expectations. The company’s profit, revenue and home deliveries rose thanks to lower mortgage rates and strong incentives offered to homebuyers. Lennar reported second quarter net income rose to $421.5 million, or $1.30 per share, up […]
source https://therealdeal.com/national/2019/06/25/lennar-q2-earnings-beat-estimates-but-stock-falls-due-to-effect-of-tariffs/#new_tab
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