Lennar: Fiscal Q3 Earnings Snapshot
MIAMI (AP) _ Lennar Corp. (LEN) on Wednesday reported fiscal third-quarter profit of $1.47 billion.
On a per-share basis, the Miami-based company said it had profit of $5.03. Earnings, adjusted for non-recurring costs, came to $5.18 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.76 per share.
The homebuilder posted revenue of $8.93 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $9.04 billion.