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In earnings news, Lennar Corp. (LEN) said that it swung to a second-quarter net profit of $39.7 million, or 21 cents per share, even as total revenue dropped 8.7% to $814.5 million. New orders dropped 10% to 3,207 during the quarter, following the expiration of the federal homebuyer tax credit. Analysts were expecting the company to report break even results for the period. Lennar shares are down roughly 1.6% in pre-market trading.
Elsewhere, Bed Bath & Beyond Inc. (BBBY) reported first-quarter net income of $137.6 million, or 52 cents per share, with revenue rising 13.5% to $1.92 billion. Same-store sales rose 8.4% from the year-ago quarter. Wall Street was expecting earnings of 48 cents and revenue of $1.89 billion. Ahead of the open, BBBY shares were last seen down 1.4%.
Finally, NIKE Inc. (NKE) posted a fourth-quarter profit of $522 million, or $1.06 per share. Sales rose 8% to $5.1 billion. Analysts were looking for earnings of $1.05 per share on sales of $5.13 billion.
dare un occhio come vanno..e seguire anche WAG ed ADBE..massacrate in 2 sedute
In earnings news, Lennar Corp. (LEN) said that it swung to a second-quarter net profit of $39.7 million, or 21 cents per share, even as total revenue dropped 8.7% to $814.5 million. New orders dropped 10% to 3,207 during the quarter, following the expiration of the federal homebuyer tax credit. Analysts were expecting the company to report break even results for the period. Lennar shares are down roughly 1.6% in pre-market trading.
Elsewhere, Bed Bath & Beyond Inc. (BBBY) reported first-quarter net income of $137.6 million, or 52 cents per share, with revenue rising 13.5% to $1.92 billion. Same-store sales rose 8.4% from the year-ago quarter. Wall Street was expecting earnings of 48 cents and revenue of $1.89 billion. Ahead of the open, BBBY shares were last seen down 1.4%.
Finally, NIKE Inc. (NKE) posted a fourth-quarter profit of $522 million, or $1.06 per share. Sales rose 8% to $5.1 billion. Analysts were looking for earnings of $1.05 per share on sales of $5.13 billion.
