News Summary

Shares of Lennar Corp LEN fell about 0.8% after the company swung to a FQ1 profit of $27.4 million, or $0.14 per share, from a loss of $6.5 million, or $0.04 per share, in the year-earlier period. The company's revenue fell 2.9% to $558 million. LEN's deliveries dropped 4% to 1,923 homes and new orders declined 12% at 2,267 homes. However, analysts were expecting a loss of $0.05 per share on revenue of $514.6 million. Shares of McCormick & Co Inc MKC dropped about 0.3% after the company reported its Q1 profit at $76.8 million, or $0.57 per share, up from $67.9 million, or $0.51 per share, in the year-earlier period. The company's revenue increased to $782.8 million from $764.5 million. However, analysts were expecting earnings of $0.54 per share on revenue of $803.9 million. The company projects 2011 earnings of $2.80 to $2.85 per share, versus the analysts' estimates of $2.82 per share. Shares of Apollo Group Inc APOL dropped about 9.5% after the company issued weaker-than-expected FY12 revenue projections. The company reported a FQ2 loss at $64 million, or $0.45 per share, versus a profit of $92.6 million, or $0.60 per share, in the year-ago period. Excluding special items, the company's earnings came in at $0.83 per share, versus analysts' estimates of $0.67 per share. The company's revenue dropped to $1.05 billion from $1.07 billion. Read more from Benzinga's Markets.