Lennar Q1 EPS $2.12 Beats $1.55 Estimate, Sales $6.49B Beat $5.93B Estimate

Lennar (NYSE:LEN) reported quarterly earnings of $2.12 per share which beat the analyst consensus estimate of $1.55 by 36.77 percent. This is a 21.48 percent decrease over earnings of $2.70 per share from the same period last year. The company reported quarterly sales of $6.49 billion which beat the analyst consensus estimate of $5.93 billion by 9.44 percent. This is a 4.61 percent increase over sales of $6.20 billion the same period last year.