Lennar: Fiscal Q3 Earnings Snapshot
By AP News
Published - Sep 19, 2024, 04:42 PM ET
Last Updated - Dec 16, 2024, 07:04 PM EST
MIAMI (AP) — MIAMI (AP) — Lennar Corp. (LEN) on Thursday reported fiscal third-quarter profit of $1.16 billion.
The Miami-based company said it had net income of $4.26 per share. Earnings, adjusted for non-recurring gains, were $3.90 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.62 per share.
The homebuilder posted revenue of $9.42 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $9.29 billion.
