Investing.com - Lennar (NYSE:LEN) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lennar announced earnings per share of $2.04 on revenue of $5.33B. Analysts polled by Investing.com anticipated EPS of $1.71 on revenue of $5.12B.
Lennar shares are up 16% from the beginning of the year and are trading at $89.80 , down-from-52-week-high.They are outperforming the S&P 500 which is up 5.5% from the start of the year.
Lennar shares gained 1.19% in after-hours trade the report.
Lennar follows other major Capital Goods sector earnings this month
Lennar's report follows an earnings beat by Deere&Company on Friday, February 19, 2021, who reported EPS of $3.87 on revenue of $8.05B, compared to forecasts EPS of $2.17 on revenue of $7.21B.
Ecolab had missed expectations on Tuesday, February 16, 2021 with fourth quarter EPS of $1.23 on revenue of $3.07B, compared to forecast for EPS of $1.25 on revenue of $3.12B.
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