Lennar: Fiscal Q2 Earnings Snapshot
MIAMI (AP) — MIAMI (AP) — Lennar Corp. (LEN) on Monday reported fiscal second-quarter earnings of $954.3 million.
The Miami-based company said it had net income of $3.45 per share. Earnings, adjusted for non-recurring gains, came to $3.38 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.20 per share.
The homebuilder posted revenue of $8.77 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $8.57 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