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Lennar Q3 earnings fall as homebuilder cuts annual delivery target
Source: proactiveinvestors.com
Corporate EarningsCorporate Guidance & OutlookHousing & Real EstateCompany Fundamentals
Lennar reported a 52% year-over-year decline in third-quarter net earnings to $284 million, or $1.19 per diluted share, versus $591 million, or $2.29 per share, a year earlier. The homebuilder also lowered its annual delivery target, signaling weaker operating momentum and a softer outlook for housing demand.
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