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In recent news, homebuilder Lennar Corp (LEN.N) has seen a 1.6% decline in shares, currently trading at $153.98 after market. The company’s Q3 home deliveries forecast of 20,500 to 21,000 homes falls slightly below expectations, with the Q2 average price per home at $426,000, down from $449,000 the previous year. Despite this, Q2 profits have exceeded estimates, with earnings per share at $3.45 compared to the expected $3.24, driven by higher home deliveries. Year-to-date, the stock has shown a 0.9% increase as of the last close.
Stay updated with the latest market trends and breaking news. From IBM settling a lawsuit against Rakuten over e-commerce patents to Brazil’s Eletronuclear terminating a contract for Angra 3 nuclear power works, there is a lot happening in the financial world. Keep an eye on US Cash Products, Gulf Grain, and other market updates to make informed decisions.
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