April 4 (Reuters) - Lennar Corp:
* Q1 REVENUE $3.0 BILLION VERSUS I/B/E/S VIEW $2.65 BILLION
* Q1 EARNINGS PER SHARE VIEW $0.77 — THOMSON REUTERS I/B/E/S
* UP 24%, INCLUDING 819 HOMES FROM ACQUIRED CALATLANTIC COMMUNITIES
* EARNINGS IN Q1 REDUCED BY $104.2 MILLION OF PRETAX ACQUISITION AND INTEGRATION COSTS RELATED TO ACQUISITION OF CALATLANTIC GROUP INC
* CASH WRITE DOWN OF DEFERRED TAX ASSETS DUE TO REDUCTION IN FEDERAL CORPORATE INCOME TAX RATE
* “CONTINUE TO REMAIN POSITIVE ON OUTLOOK OF HOUSING INDUSTRY IN GENERAL”
* QTRLY GROSS MARGIN ON HOME SALES OF 19.5% COMPARED TO 21.1%
* ENGAGED WELLS FARGO SECURITIES, DEUTSCHE BANK SECURITIES TO ADVISE ABOUT STRATEGIC ALTERNATIVES
* AVERAGE SALES PRICE OF HOMES DELIVERED WAS $393,000 IN Q1 OF 2018, COMPARED TO $365,000 IN Q1 OF 2017
* ENGAGED ADVISERS FOR STRATEGIC ALTERNATIVES THAT MAY BE AVAILABLE REGARDING UNIT RIALTO CAPITAL MANAGEMENT Source text for Eikon: Further company coverage: