NEW YORK (TheStreet) -- Shares of Lennar Corp. (LEN) are up 0.65% to $41.79 at 9:31 a.m. on Thursday after it reported earnings of 61 cents a share for the second quarter ending in May, versus the Capital IQ consensus estimate of 51 cents per share.
Revenue rose 27.5% to $1.82 billion versus the $1.68 billion consensus estimate due to an increase in the number of home deliveries.
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Separately, TheStreet Ratings team rates LENNAR CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate LENNAR CORP (LEN) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."