Lennar Stock Down on Q3 Earnings Miss, New Home Orders Rise Y/Y

Key Takeaways Lennar posted Q3 EPS of $2.00 and revenues of $8.81B, both missing consensus estimates.Home deliveries rose 0.3% to 21,584 units, while ASP fell 9.2% to $383,000.New orders climbed 12% to 23,004 homes, but order value slipped to $8.44B from $8.56B.Lennar Corporation (LEN) reported dismal results for the third quarter of fiscal 2025, wherein its adjusted earnings and total revenues missed the Zacks Consensus Estimate. Also, both metrics tumbled on a year-over-year basis. The quarter’s performan ...