Lennar reports q3 earnings per share $2.12

Lennar reports third quarter eps of $2.12.q3 earnings per share $2.12.q3 earnings per share estimate $1.55 -- refinitiv ibes data.q3 revenue $5.9 billion versus refinitiv ibes estimate of $5.47 billion.qtrly deliveries of 13,842 homes, up 2%.qtrly new orders of 15,564 homes, up 16%.qtrly new orders dollar value of $6.3 billion, up 20%.quarter-end backlog of 19,697 homes, up 4%.average sales price of homes delivered was $396,000 in q3 of 2020.paid off about $400 million of debt during quarter.gross margin on home sales were $1.3 billion, or 23.1%, in q3 of 2020, compared to $1.1 billion, or 20.4%, in q3 of 2019.ended quarter with $2.0 billion in cash & homebuilding debt to capital ratio of 29.5%.expect q4 closings of 15,500 - 16,000 homes with gross margins in 23.25% - 23.5% range.revenues from home sales increased 3% in q3 of 2020 to $5.5 billion from $5.3 billion in q3 of 2019.expect q4 sales between 13,800 and 14,300 homes.
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