Lennar Q3 Adj. EPS $1.23 Misses $1.30 Estimate, Sales $8.046B Miss $8.307B Estimate

Lennar (NYSE: LEN) reported Q3 adjusted earnings per share of $1.23, falling short of the $1.30 estimate by 5.38%, and down 38.5% from $2.00 per share in the same quarter last year. The company's sales totaled $8.046 billion, missing the $8.307 billion estimate by 3.14% and representing an 8.67% decline from $8.810 billion a year ago.