Lennar: Fiscal Q3 Earnings Snapshot

September 21, 2022 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEN at https://www.zacks.com/ap/LEN