September Trades (LEN, BUY, 9.15-9.22, 3.03%)

BATS:LEN   Lennar Corporation
Lennar (LEN) reported earnings of $3.87 per share on revenue of $8.73 billion for the fiscal third quarter ended August 2023. The consensus earnings estimate was $3.519 per share on revenue of $8.49 billion. The company beat expectations by 9.97% while revenue beat expectations by 2.82%.

The company said it expects fourth quarter revenue of $9.63 billion to $10.08 billion. The consensus revenue estimate is $9.36 billion for the November 30, 2023 quarter.

Lennar Corp is a homebuilder and a provider of financial services. Its homebuilding operations include the construction and sale of single-family attached and detached homes, and to a lesser extent multi-level residential buildings.

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