Lennar’s (LEN +2.9%) FQ3 earnings slumped 31%, but Ticonderoga thinks results were “surprisingly good” - though EPS and revenue were merely in line - and "that should put a little bounce in investors’ steps." Management’s commentary on demand sounded a bit more upbeat, the firm says, with orders up a better-than-expected 11% Y/Y.
Lennar is up 0.63 to 14.44
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