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LEN
Benzinga
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Crude Oil Down 1%; Lennar Earnings Miss Views

1. Lennar Corp. reported Q3 earnings of $2/share, missing estimates. 2. Quarterly revenue was $8.81 billion, below Street expectations. 3. Consumer discretionary stocks gained 0.8% amidst broader market rise. 4. Energy stocks declined by 1% in trading on Friday. 5. U.S. stocks ended higher, with Nasdaq up 100 points.

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FAQ

Why Bearish?

Lennar's earnings miss may trigger market concerns over growth, similar effects seen historically when companies underperform expectations.

How important is it?

The earnings miss can significantly impact investor sentiment and stock performance, influencing future growth expectations.

Why Short Term?

Market reactions to earnings misses are typically immediate, affecting stock prices in the following sessions.

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