MIAMI (AP) 鈥� MIAMI (AP) 鈥� Lennar Corp. (LEN) on Thursday reported fiscal second-quarter profit of $304.8 million.
The Miami-based company said it had net income of $1.24 per share. Earnings, adjusted for non-recurring costs, were $1.31 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.
The homebuilder posted revenue of $7.94 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $8.07 billion.
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