Lennar Corp Q1 earnings: ‘housing market fundamentals remained strong'

Lennar Corp (NYSE: LEN) is trading down in extended hours on Wednesday after reporting lower-than-expected revenue for its first financial quarter.Lennar’s guidance for its fiscal second quarterCopy link to sectionInvestors are concerned because the guidance did not particularly impress either. $LEN now expects to deliver up to 19,500 homes in the second quarter. New orders, it added, will fall between 20,900 and 21,300 in Q2. Stuart Miller – the co-chief executive of Lennar Corp said in a press release tod ...