Mar
29
Lennar Profit Beats Estimates as Job Gains Fuel Home Sales
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Homebuilder’s new orders climb 10%, average price rises 12%
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Shares have biggest gain among North American builders
Lennar Corp., the second-largest U.S. homebuilder, reported a higher-than-expected profit for its fiscal first quarter as the nation’s job gains bolstered demand for real estate purchases.
Net income for the three months through February was $144.1 million, or 63 cents a share, compared with $115 million, or 50 cents, a year earlier, the Miami-based company said in a statement Tuesday. The average estimate of 14 analysts was for earnings of 52 cents a share, data compiled by Bloomberg show…
Lennar Profit Beats Estimates as Job Gains Fuel Home Sales
