Today's Big Gainers: LEN, CBK, CAEI, TWB, XRTX
Market News Video
Jun. 25, 2009. 02:27 PM EST
Homebuilder Lennar (LEN) reported a second quarter loss of 76 cents per share, but its results sh... More »
Homebuilder Lennar (LEN) reported a second quarter loss of 76 cents per share, but its results showed signs of improvement: New orders were up 63% from the first quarter, and the cancellation rate was 15%, down from 21% in the first quarter. CEO Stuart Miller said he is sensing pent-up demand in the market, but rising unemployment and tight credit make it hard to predict when the market will turn around. « Less
Market Movers, Business, Construction, Economy, Unemployment
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