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.
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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
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