Lennar (NYSE:LEN) reported quarterly earnings of $1.23 per share which missed the analyst consensus estimate of $1.30 by 5.38 percent. This is a 38.5 percent decrease over earnings of $2.00 per share from the same period last year. The company reported quarterly sales of $8.046 billion which missed the analyst consensus estimate of $8.307 billion by 3.14 percent. This is a 8.67 percent decrease over sales of $8.810 billion the same period last year.