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Lennar Q3 deliveries fall 3% as incentives squeeze profit

Verifying
  • Lennar delivered 20,840 homes in its fiscal third quarter ended August.
  • Revenue fell 9% to $8.0 billion, while EPS declined 48% to $1.19.
  • Lennar lowered its 2026 delivery target to 80,000–81,000 homes from 82,000–83,000.
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