BUZZ-Lennar down after Q3 deliveries forecast below estimates

Lennar Corporation Class A

Lennar Corporation Class A

LEN

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** Shares of homebuilder Lennar LEN.N down 3.5% at $91.59 after the bell

** Co forecasts Q3 home deliveries below estimates, hurt by weak U.S. housing market, high mortgage rates and cautious buyers

** Now expects to deliver between 20,500 to 21,500 homes in Q3 vs expectations of 22,353 units - LSEG-compiled data

** Q2 revenue fell over 5% to $7.94 billion, missing analysts' estimates of $8.02 billion

** Excluding special items, quarterly profit was $1.31 per share, compared with Street expectations of $1.24 per share

** As of last close, LEN down ~8% YTD


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