Lennar: Fiscal Q3 Earnings Snapshot

MIAMI (AP) — MIAMI (AP) — Lennar Corp. (LEN) on Thursday reported fiscal third-quarter profit of $1.16 billion.

The Miami-based company said it had net income of $4.26 per share. Earnings, adjusted for non-recurring gains, were $3.90 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.62 per share.

The homebuilder posted revenue of $9.42 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $9.29 billion.

_____

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

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up