Lennar Stock Drops After Home Deliveries Forecast Falls Short of Estimates

Key TakeawaysLennar shares dropped in extended trading on Monday after the homebuilder issued a lower-than-expected forecast for home deliveries in the current quarter.The company forecasts current-quarter home deliveries of between 20,500 and 21,000, with the 20,750 midpoint below analysts’ consensus view of 20,917 units.The company topped analysts' fiscal second quarter earnings and revenue estimates as purchasers remained responsive to increased sales incentives.Lennar shares may find buying interest aro ...