Lennar (LEN)’s Q3 Results Show the Cost of Protecting Home Sales

Lennar Corporation (NYSE:LEN) delivered 20,840 homes in its fiscal Q3 ended August. That was within its own guidance of 20,500 to 21,500 deliveries but fell short of Wall Street expectations. That prompted StoneX to reiterate a Hold rating on Lennar after the results. The brokerage cited misses across deliveries, average selling price, revenue, and earnings. […]