Lennar Corp., the second-largest U.S. homebuilder, jumped the most in nine months after reporting higher-than-expected earnings for its fiscal second quarter as the revived U.S. economy spurs new housing demand.
Net income for the three months through May was $183 million, or 79 cents a share, compared with $137.7 million, or 61 cents, a year earlier, the Miami-based company said in a statement Wednesday. The average estimate of 12 analysts was for earnings of 64 cents a share, data compiled by Bloomberg show.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
