Lennar: Fiscal Q2 Earnings Snapshot
By Ap News
Published - Jun 17, 2024, 04:45 PM ET
Last Updated - Jun 17, 2024, 04:45 PM EDT
MIAMI (AP) — MIAMI (AP) — Lennar Corp. (LEN) on Monday reported fiscal second-quarter earnings of $954.3 million.
The Miami-based company said it had net income of $3.45 per share. Earnings, adjusted for non-recurring gains, came to $3.38 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.20 per share.
The homebuilder posted revenue of $8.77 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $8.57 billion.
