Lennar down after Q3 deliveries forecast below estimates

Lennar

11/06/2026 23:07

** Shares of homebuilder Lennar LEN.N down 3.5% at $91.59 after the bell
** Co forecasts Q3 home deliveries below estimates, hurt by weak U.S. housing market, high mortgage rates and cautious buyers
** Now expects to deliver between 20,500 to 21,500 homes in Q3 vs expectations of 22,353 units - LSEG-compiled data
** Q2 revenue fell over 5% to $7.94 billion, missing analysts' estimates of $8.02 billion
** Excluding special items, quarterly profit was $1.31 per share, compared with Street expectations of $1.24 per share
** As of last close, LEN down ~8% YTD
 

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))