shares of lennar corp len were indicated up more than 5 in premarket trading tuesday after the homebuilder reported fiscal secondquarter profit revenue and new orders that beat expectations with gross margins improving despite higher materials and wage costs net income rose to 132 billion or 449 a share from 8314 million or 265 a share in the yearago period excluding marktomarket losses on technology investments earnings per share came in at 469 the factset eps consensus was 395 total revenue grew 300 to 836 billion above the factset consensus of 812 billion as homebuilding revenue increased 323 to 798 billion homebuilding net margins improved to 235 from 186 new orders rose 4 to 17792 homes above the factset consensus of 17429 for the third quarter the company expects new orders of 16000 to 18000 surrounding the factset consensus of 16754 the stock has tumbled 444 year to date through friday while the ishares us home construction etf itb has dropped 407 and the sp 500 spx has shed 229