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Meituan Stock Return Targets Are Among Highest in China Tech

(Bloomberg) -- Meituan’s results due later Friday will help assess if its share price upside is as promising as sell-side analysts suggest. Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNYC Plans for Flood Protection Without Federal FundsThey estimate the stock will rise

Lennar posts lower quarterly profit on sustained market weakness

Lennar Corp reported lower first-quarter profit on Thursday, as high mortgage rates and house prices deterred potential buyers, sending shares down 4% after the bell. "While demand remains strong, persistently higher interest rates and inflation, combined with a downturn in consumer confidence and a limited supply of affordable homes, made it increasingly difficult for consumers to access homeownership," said co-CEO Stuart Miller. For the first quarter ended February 28, Lennar reported a decline in average sales price to $408,000, 1% lower than last year, reflecting continued weakness in the market.

Scholastic (NASDAQ:SCHL) Misses Q1 Revenue Estimates

Educational publishing and media company Scholastic (NASDAQ:SCHL) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 3.6% year on year to $335.4 million. Its GAAP loss of $0.13 per share was 83.3% above analysts’ consensus estimates.