Lennar Down After Q1 Report: Watch the Price Action

Filed under: Earnings Reports, Lennar Corp'A' (LEN)

I'm sure shareholders of homebuilder Lennar (LEN) are in a flummoxed mood. The company posted what appeared to be a strong earnings report, yet its stock is experiencing some pressure. At the time of this writing, it was down 3.3% to $19.09 on robust volume.



According to the Associated Press, the company made 14 cents per share during the fiscal first quarter -- when the projection called for a loss of 5 cents per share. Great performance, right? And furthermore, this time last year at there was a Q1 loss of 4 cents per share. I mean, that has to be worth a bid, correct?

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Lennar Down After Q1 Report: Watch the Price Action originally appeared on BloggingStocks on Tue, 29 Mar 2011 17:30:00 EST. Please see our terms for use of feeds.

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