Jun
21
Lennar Earnings Grow as Rising Employment Spurs Home Sales
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Shares climb as much as 3.3%, leading U.S. homebuilder index
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Sales, new orders and average selling price all increased
Lennar Corp., the second-largest U.S. homebuilder, reported fiscal second-quarter earnings that beat analysts’ estimates as the improving job market helped boost sales.
Net income for the three months through May was $218.5 million, or 95 cents a share, compared with $183 million, or 79 cents, a year earlier, the Miami-based company said in a statement Tuesday. The average estimate of 13 analysts was for earnings of 87 cents a share, according to data compiled by Bloomberg…
Lennar Earnings Grow as Rising Employment Spurs Home Sales
