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Lennar Corporation Q2 Earnings: Revenue Beat Overshadowed by Margin Compression
Lennar Corporation Q2 Earnings: Revenue Beat Overshadowed by Margin Compression
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BTCCSquare news:
Lennar Corporation delivered a mixed fiscal Q2 performance, with revenue surpassing estimates but profitability metrics deteriorating sharply. The homebuilder reported $8.38 billion in revenue, exceeding expectations by 2.3% yet marking a 4.4% year-over-year decline. This top-line strength proved insufficient to offset mounting pressures in the housing sector.
Earnings collapsed by 50% to $471.2 million as margins halved from 11% to 5.6% year-over-year. The EPS miss of 6.6% reflects persistent cost challenges in a cooling housing market. Lennar's stock performance mirrors these headwinds, with shares down 16% year-to-date following the report.
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