Stocks trending after hours

Shares fell after the homebuilder reported its third quarter results were impacted by higher rates. Revenue totaled $8.9 billion for the quarter, missing Wall Street’s estimate of $9.04 billion. Net earnings per diluted share increased 11% to $5.03.

New orders decreased 12% to 14,366 homes as mortgage rates continued to climb. Despite the slowdown, Lennar Executive Chairman Stuart Miller remained optimic, writing in the release, “Sales have clearly been impacted by rising interest rates, but there remains a significant national shortage of housing, especially workforce housing, and demand remains strong as we navigate the rebalance between price and interest rates."