<< Read Full Article

Lennar Knocks Down Optimism

Stock quotes in this article: LEN , LEND , NEWC.PK , KBH , TOL , MDC , HOV  

Updated from 10:19 a.m. EDT

Lennar(LEN Quote) posted a big drop in first-quarter numbers and withdrew its earnings goal for the year, saying new orders are being hurt by problems in the subprime lending market.

Shares of the homebuilder recently were down 97 cents, or 2.2%, to $43.57.

The Miami-based company earned $69 million, or 43 cents a share, for the quarter ended Feb. 28, down from $258 million, or $1.58 a share, a year earlier. Sales slid to $2.79 billion from $3.24 billion a year earlier. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,464.40 1,110.63 2,176.05 32.79
Oil *
77.05
UP
30.69
UP
4.98
UP
6.87
DOWN
0.38
10 Yr
3.28%
SPDR Gold
116.62
+0.29%
+0.45%
+0.32%
-1.15%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services