– Shares of the homebuilder advanced more than 6% after Lennar beat top and bottom line estimates during the fourth quarter. The company earned $2.82 per share on $6.83 billion in revenue. Analysts surveyed by FactSet expected Lennar to earn $2.36 per share and post $6.53 billion in revenue. For the year shares are up more than 40%.
— The pharmacy stock rocketed more than 20% higher after reporting a surprise adjusted profit for its fiscal third quarter. The company earned an adjusted 40 cents per share $6.12 billion in revenue. Analysts surveyed by Refinitiv were expecting a loss of 5 cents per share and $5.84 billion in revenue. Rite Aid said it increased its market share in pharmacy and front-end sales.
One of the largest US homebuilders, Lennar, says their ASPs now up to $386,000, well above the US average home price. Gross margins still rising at 24% for 2021. homebuilders