Earnings beat
Second Quarter 2024 Highlights - comparisons to the prior year quarter•Net earnings per diluted share increased 15% to $3.45◦$3.38, excluding mark-to-market losses on technology investments and one-time gain on sale of a technology investment•Net earnings increased 9% to $954 million•New orders increased 19% to 21,293 homes•Backlog of 17,873 homes with a dollar value of $8.2 billion•Deliveries increased 15% to 19,690 homes•Total revenues of $8.8 billion•Homebuilding operating earnings of $1.3 billion◦Gross margin on home sales of 22.6%◦S,G&A expenses as a % of revenues from home sales of 7.5%◦Net margin on home sales of 15.1%•
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151867472 : Yet stock down..
TrendTrader OP 151867472 : Yep. It happens sometimes.
I’ll be watching it tomorrow to see what happens
Done1004 TrendTrader OP : So it's safe and reliable to buy big tech stocks
151867472 TrendTrader OP : Will it drop more?
TrendTrader OP 151867472 : Dunno. It could, or it could go to 160+.
It’s not just about the stock and its performance- there is also economical data being released tomorrow and that always affects the market. Nothing happens in a vacuum.
Northsea9 : The 20 points that this stock is supposed to rise today should be delayed, but before 7.19! An organization opens a position!
SMN1353 : Yes, earning beats expectations... Just matter of time to rise.. 160 at least
Stockmarker Northsea9 : I hope it doesn’t stagnate, really look forward for the market to open