, which beat estimates. The company reported earnings of $1.65 on revenues of $5.29 billion, whereas analysts polled by Refinitiv had expected earnings of $1.18 on revenues of $5.25 billion.
Lennar also reported that new orders are down 10% and the dollar value of those new orders is down 16%, but that business improved in May and the rebound has continued through the first half of June.
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