MIAMI (AP) — MIAMI (AP) — Lennar Corp. (LEN) on Thursday reported fiscal third-quarter net income of $591 million.
On a per-share basis, the Miami-based company said it had net income of $2.29. Earnings, adjusted for non-recurring gains, came to $2 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.
The homebuilder posted revenue of $8.81 billion in the period, also missing Street forecasts. Four 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
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