Investing.com - Lennar (NYSE:LEN) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lennar announced earnings per share of $4.49 on revenue of $8.36B. Analysts polled by Investing.com anticipated EPS of $3.97 on revenue of $8.11B.
Lennar shares are down 44% from the beginning of the year and are trading at $64.63 , down-from-52-week-high.They are under-performing the S&P 500 which is down 22.9% from the start of the year.
Lennar follows other major Consumer Discretionary sector earnings this month
Lennar's report follows an earnings beat by Alibaba ADR on Thursday, May 26, 2022, who reported EPS of $7.95 on revenue of $204.05B, compared to forecasts EPS of $7.1 on revenue of $199.47B.
Pinduoduo had beat expectations on Friday, May 27, 2022 with first quarter EPS of $2.95 on revenue of $23.79B, compared to forecast for EPS of $1.83 on revenue of $20.45B.
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