Analysts, on average, had forecast 16,445 for the third quarter, and 63,755 for the year. Lennar said it expects to deliver 18,000 to 19,000 homes in the fiscal third quarter, and 68,000 to 70,000 for the year, up from a previous forecast of 62,000 to 66,000. “As consumers have come to accept a ‘new normal’ range for interest rates, demand has accelerated, leaving the market to reconcile the chronic supply shortage derived from over a decade of production deficits.” Home deliveries rose 3% from a year ago to 17,074, while analysts were forecasting 15,654. “During the quarter, we continued to see the housing market normalize and recover from the Fed’s 2022 aggressive interest-rate hikes in response to elevated inflation,” said Stuart Miller, Lennar chairman, in a statement.
Analysts surveyed by FactSet had forecast $2.33 a share on revenue of $7.22 billion. Revenue fell to $8.05 billion from $8.36 billion in the year-ago quarter. The company reported fiscal second-quarter net income of $871.7 million, or $3.01 a share, compared with $1.32 billion, or $4.49 a share, in the year-ago period. Lennar shares rose 3% after hours, following a 1.1% decline in the regular session to close at $114.75. LEN shares rose in the extended session Wednesday after the homebuilder’s quarterly results and raised forecast topped Wall Street estimates. Tesla's announced mission is to help expedite the move to sustainable transport and energy, obtained through electric vehicles and solar power.Lennar stock rises after results top Street view, outlook hiked In February 2004, via a $6.5 million investment, Elon Musk became the company's largest shareholder. The company's name is a tribute to inventor and electrical engineer Nikola Tesla. Tesla was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors. Tesla Energy is one of the largest global suppliers of battery energy storage systems, with 6.5 gigawatt-hours installed in 2022. Its subsidiary Tesla Energy develops and is a major installer of photovoltaic systems in the United States. In 2022, the company led the battery electric vehicle market, with 18% share. I would also recommend using a Complex Event Processing engine such as Esper. If you Google for 'stock price feed' or 'market data feed' you will get some options, some free, some paid for.
Tesla is one of the world's most valuable companies and, as of 2023, was the world's most valuable automaker. In the financial services industry, most banks will have a real time feed provided by Reuters or Bloomberg, but this, obviously, will cost a lot of money.
Tesla designs and manufactures electric vehicles, stationary battery energy storage devices from home to grid-scale, solar panels and solar roof tiles, and related products and services. is an American multinational automotive and energy company headquartered in Austin, Texas.
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