Investing.com - Lennar reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lennar announced earnings per share of $3.91 on revenue of $8.43B. Analysts polled by Investing.com anticipated EPS of $4.15 on revenue of $8.51B.
Lennar shares are up 48% from the beginning of the year and are trading at $110.50 , down-from-52-week-high.They are outperforming the S&P 500 which is up 25.39% from the start of the year.
Lennar shares lost 2.29% 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 November 16, who reported EPS of $3.92 on revenue of $36.82B, compared to forecasts EPS of $3.42 on revenue of $34.95B.
Alibaba ADR had missed expectations on November 18 with second quarter EPS of $11.2 on revenue of $200.69B, compared to forecast for EPS of $11.86 on revenue of $204.14B.
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