Lenar Under Pressure After Earnings Miss

about 1 month ago

Bailey Lipschultz

"Yeah, I want to start with homebuilder Lenar, ticker LEN, right now down 2.6%, trading at the lowest level since mid-August. The stock is down more than 30% in the last 12 months. This comes after not only did they miss earnings on their third quarter results, but also the guidance for 4Q falling short of expectations. It's been a tough market for homebuilders."

The commentary highlights Lenar (LEN) facing significant pressure after missing third quarter earnings and providing weak guidance for Q4. The stock has fallen over 30% in the past year and is noted as one of the worst performers in the S&P 500, reflecting a challenging market for homebuilders.

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