Lennar Corp., the second-biggest U.S. home-builder by market value, reported a quarterly profit that beat analysts’ estimates as it increased prices and earnings jumped at its Rialto Investments division.
Net income was $164.1 million, or 73 cents a share, for the fiscal fourth quarter ended Nov. 30, compared with $124.3 million, or 56 cents, a year earlier, the Miami-based company said in a statement Wednesday. Analysts expected earnings of 62 cents a share, the average of 19 estimates compiled by Bloomberg.
This content has been archived.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]