From StockTwits: 2025-03-21 01:56:00

Lennar (LEN) stock slipped 3% in after-hours trading after posting a fall in first-quarter profit. The company reported a net income of $520 million, or $1.96 per share, compared to $719 million, or $2.57 per share, in the year-ago quarter. Its quarterly revenue of $7.63 billion exceeded expectations. Despite strong demand, higher interest rates, inflation, and limited affordable housing supply are impacting consumers’ access to homeownership. The company’s gross margins on home sales fell due to increased land costs and decreased revenue per square foot. Lennar expects second-quarter new orders and deliveries to be lower than the first quarter. Retail sentiment on Stocktwits is bullish.LEN shares have fallen about 9% year-to-date.



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