MIAMI (AP) — MIAMI (AP) — Lennar Corp. (LEN) on Monday reported fiscal second-quarter profit of $477.4 million.
The Miami-based company said it had net income of $1.81 per share. Earnings, adjusted for non-recurring costs, came to $1.90 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.
The homebuilder posted revenue of $8.38 billion in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $8.24 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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