Investing.com - Lennar (NYSE:LEN) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lennar announced earnings per share of $2.82 on revenue of $6.83B. Analysts polled by Investing.com anticipated EPS of $2.35 on revenue of $6.52B.
Lennar shares are up 33% from the beginning of the year and are trading at $74.29 , down-from-52-week-high.They are outperforming the S&P 500 which is up 14.56% from the start of the year.
Lennar follows other major Capital Goods sector earnings this month
Lennar's report follows an earnings beat by Deere&Company on Wednesday, November 25, 2020, who reported EPS of $2.39 on revenue of $8.66B, compared to forecasts EPS of $1.55 on revenue of $7.56B.
Lennar B had beat expectations on Wednesday with fourth quarter EPS of $2.82 on revenue of $6.83B, compared to forecast for EPS of $2.35 on revenue of $6.52B.
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