Lennar Posts Weaker Earnings

Phillips-Van Heusen reports higher profit; plus more stocks in the news Tuesday

Lennar (LEN) posted 43 cents vs. $1.58 first quarter earnings per share (EPS) on a 14% revenue drop. The company says that given the state of the market, it does not expect to achieve its previously stated 2007 EPS goal and is not comfortable providing a new EPS goal at this time.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.