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Lennar Corp (LEN.N)

LEN.N on New York Stock Exchange

70.54USD
18 Jan 2018
Change (% chg)

$-0.17 (-0.24%)
Prev Close
$70.71
Open
$72.00
Day's High
$72.00
Day's Low
$70.43
Volume
1,306,143
Avg. Vol
834,563
52-wk High
$72.00
52-wk Low
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Wed, Jan 10 2018

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Lennar sees strong demand in 2018; shares hit record high

Lennar Corp on Wednesday reported a surprise drop in quarterly profit but said strong economic growth in 2018 would offset concerns about housing demand being hit by cuts to tax relief on mortgages.

UPDATE 4-Lennar sees strong demand in 2018; shares hit record high

* Sees FY 2018 home deliveries 32,000-32,500 vs FY 2017's 29,394

BRIEF-Lennar Sees FY 2018 Gross Margin About 22 Pct VS 22.1 Pct In FY 2017 - Conf Call‍​

* LENNAR CORP SAYS THE “STRATEGIC” TRANSACTION THAT SHIFTED FROM Q4 TO Q1 2018, WILL PRODUCE MORE THAN THE Q4 SHORTFALL IN Q1 - CONF CALL‍​

BRIEF-Lennar Reports Fourth Quarter EPS Of $1.29

* IN QUARTER 8% INCREASE IN AVERAGE SALES PRICE OF HOMES DELIVERED

Lennar revenue rises 12.1 pct on higher home sales

Jan 10 No. 2 U.S. homebuilder Lennar Corp reported a 12.1 percent rise in quarterly revenue as it sold more homes at higher prices, and said orders rose 11.5 percent.

BRIEF-Lennar announces offering of senior notes

* Lennar - ‍ to use proceeds from offering to fund portion of cash consideration payable by co in connection with deal between CalAtlantic and co's unit​ Source text for Eikon: Further company coverage:

Lennar buys CalAtlantic to become largest U.S. homebuilder

Lennar Corp will buy smaller rival CalAtlantic Group Inc for $5.7 billion (£4.3 billion), creating the largest homebuilder in the United States as it strives to deal with higher land acquisition costs and a tighter labour market.

Lennar buys CalAtlantic to become largest U.S. homebuilder

Lennar Corp will buy smaller rival CalAtlantic Group Inc for $5.7 billion, creating the largest homebuilder in the United States as it strives to deal with higher land acquisition costs and a tighter labor market.

UPDATE 3-Lennar buys CalAtlantic to become largest U.S. homebuilder

* Offer represents a 27 pct premium to CalAtlantic's Friday close

BRIEF-Lennar to pay CalAtlantic $178.7 mln, ‍if deal terminated

* Lennar - ‍if deal terminated under certain conditions, co to pay CalAtlantic $178.7 million fee or CalAtlantic may be required to pay co $178.7 million fee Source text for Eikon: (http://bit.ly/2A0pyo0) Further company coverage:

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