Lennar's (LEN.B) stock plummeted 5.38% during Wednesday's intraday trading session following the company's disappointing Q4 earnings and revenue results.
The homebuilder reported adjusted earnings of $2.03 per diluted share for Q4, down from $4.03 a year earlier and below the FactSet consensus estimate of $2.26. Revenue also declined year-over-year to $9.37 billion, though it slightly exceeded analyst expectations of $9.00 billion.