Investing.com - Lennar reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lennar announced earnings per share of $2.7 on revenue of $6.2B. Analysts polled by Investing.com anticipated EPS of $2.6 on revenue of $6.16B.
Lennar shares are down 23% from the beginning of the year and are trading at $91.45 , down-from-52-week-high.They are under-performing the S&P 500 which is down 8.57% from the start of the year.
Lennar shares gained 3.32% in after-hours trade the report.
Lennar follows other major Consumer Discretionary sector earnings this month
Lennar's report follows an earnings beat by Home Depot on February 22, who reported EPS of $3.21 on revenue of $35.72B, compared to forecasts EPS of $3.18 on revenue of $34.88B.
Alibaba ADR had beat expectations on February 24 with third quarter EPS of $16.87 on revenue of $242.58B, compared to forecast for EPS of $15.93 on revenue of $246.3B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar