UPDATE: Lennar Corp. (LEN) Lowers Q4 Guidance

(Updated - October 3, 2018 12:00, 12:10 PM EDT)

Lennar Corp. (NYSE: LEN) sees Q4 EPS of $2.06, lower than its previous view but in-line with analyst estimates, according to Bloomberg.

Lennar sees Q4 deliveries of 14,500 and Q4 orders of 11,400. Average sales price is seen at about $420,000.

The updated guidance reflects hurricane impact and sluggish sales.

Lennar said cooling was caused by rising mortgage rates and prices.

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