Lennar Corporation is a leading home construction and real estate development company that focuses on building and selling residential communities
The company operates across various segments, including single-family homes, multi-family homes, and commercial properties, catering to a diverse range of customers from first-time homebuyers to luxury home purchasers. In addition to construction, Lennar also provides financial services and mortgage brokerage solutions, facilitating home financing for its buyers. With a strong emphasis on sustainability and community development, the company strives to create innovative, quality living spaces that enhance the overall quality of life for its residents.
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Beyond the AI boom, opportunities for growth in diverse sectors like steel, housing, and travel offer investors compelling prospects for the year ahead.
Homebuilder Lennar (NYSELEN) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 9.3% year on year to $9.95 billion. Its GAAP profit of $4.06 per share was 2.5% below analysts’ consensus estimates.
Lennar shares are sinking in Wednesday's after-hours session after the company reported worse-than-expected financial results for the fourth quarter. Here's a look at the key metrics from the quarter.
