Investing.com - Lennar (NYSE:LEN) 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 $88.60 , 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 0.10% in after-hours trade following the report.
Lennar follows other major Consumer Discretionary sector earnings this month
Lennar's report follows an earnings beat by Home Depot on Tuesday, February 22, 2022, 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 Thursday, February 24, 2022 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