Story perspectives
Lennar Misses Revenue Expectations, Shares Drop 3.3%
9/19/2025
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Story summary
- Lennar (LEN) reported Q3 CY2025 revenue of $8.81 billion, below the $9.06 billion expectation, a 6.4% decline year-on-year.
- GAAP EPS was $2.29, surpassing estimates of $2.10, but down from $4.30 last year.
- Operating margin dropped to 9.4% from 13.7%, indicating rising expenses.
- Backlog fell 14.8% year-on-year to $6.6 billion, raising growth concerns.
- Shares declined 3.3% after results, despite the EPS beat.
