On September 25, 2024, Micron's Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on October 23, 2024, to shareholders of record as of the close of business on October 7, 2024.Lennar, one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on October 24, 2024 to holders of record at the close of business on October 9, 2024.Today, McDonald's B ...

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This stock was already hot before the Fed announced its rate cut. Now it should become even hotter.The wait is over. Investors anticipated an interest rate cut by the Federal Reserve for months. Last week, the Fed ended the speculation with an exclamation point. It lowered the federal funds rate (the interest rates that banks charge each other) by 0.5% -- twice the level many economists predicted.That's not the end of the story. The Fed expects more rate cuts this year and into 2025, with the federal funds ...

Lennar Corporation (NYSE:LEN) Q3 2024 Earnings Conference Call September 20, 2024 11:00 AM ET Company Participants David Collins - Vice President & Controller Stuart Miller - Executive Chairman & Co-Chief Executive Officer Jon Jaffe - Co-Chief Executive Officer & President Diane Bessette - Chief Financial Officer Conference Call Participants Alan Ratner - Zelman & Associates Stephen Kim - Evercore ISI Susan Maklari - Goldman Sachs Michael Rehaut - JPMorgan Trevor Allinson - Wolfe Research John Lovallo - UBS ...

Key TakeawaysLennar Corporation beat expectations on the top and bottom lines with its fiscal third-quarter results.The homebuilder guided investors toward no quarter-over-quarter growth for its gross margin on home sales.The stock, which rose Thursday following the Fed's rate cut, gave back some of those gains today. Lennar (LEN) shares dropped Friday despite stronger-than-expected quarterly results as the homebuilder's guidance left investors uninspired. The company said it expects its fiscal fourth-quart ...

Lennar Corporation (LEN) reported third-quarter fiscal 2024 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate.On a year-over-year basis, revenues increased, given the company’s emphasis on maintaining a steady production rate to drive sales momentum. Lennar strategically utilized pricing, incentives, marketing expenditure and dynamic pricing insights to ensure steady sales volume despite fluctuations in interest rates.However, earnings fell by a cent from the year-ago period. ...

For the quarter ended August 2024, Lennar (LEN) reported revenue of $9.42 billion, up 7.9% over the same period last year. EPS came in at $3.90, compared to $3.91 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $9.29 billion, representing a surprise of +1.35%. The company delivered an EPS surprise of +7.73%, with the consensus EPS estimate being $3.62.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...

Lennar (LEN) came out with quarterly earnings of $3.90 per share, beating the Zacks Consensus Estimate of $3.62 per share. This compares to earnings of $3.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.73%. A quarter ago, it was expected that this homebuilder would post earnings of $3.20 per share when it actually produced earnings of $3.38, delivering a surprise of 5.63%.Over the last four quarters, the company has surp ...

Exhibit 99.1 Contact: Ian Frazer Investor Relations Lennar Corporation (305) 485-4129 FOR IMMEDIATE RELEASE Lennar Reports Third Quarter 2024 Results Third Quarter 2024 Highlights - comparisons to the prior year quarter • Net earnings per diluted share increased 10% to $4.26 ◦ $3.90, excluding mark-to-market gains on technology investments and one-time items in the Company's Multifamily segment • Net earnings increased 5% to $1.2 billion • New orders increased 5% to 20,587 homes • Backlog of 16,944 homes wi ...

Key TakeawaysHomebuilders shares rose after the Fed announced a 50 basis point interest rate cut Wednesday. Bank of America increased its price target for seven hombuilders by an average of 11%. Lennar will report earnings after the bell Thursday, with KB Home reporting next week. Homebuilder stocks are rising a day after the Federal Reserve kicked off its rate-cutting cycle, lowering the benchmark rate by half a percentage point. A lower federal funds rate exerts downward pressure on mortgage rates, which ...