Investing.com - Lennar (NYSE:LEN) 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 after the report.
Lennar follows other major Consumer Discretionary sector earnings this month
Lennar's report follows an earnings beat by Home Depot on Tuesday, November 16, 2021, 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 Thursday, November 18, 2021 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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