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Lennar Earnings Beat Estimates as New-Home Demand Accelerates



Lennar Corp., the second-largest U.S. homebuilder, reported fiscal third-quarter earnings that beat analysts’ estimates as demand for new homes strengthens.
Net income for the three months through August was $223.3 million, or 96 cents a share, compared with $177.8 million, or 78 cents, a year earlier, the Miami-based company said in a statement Monday. The average estimate of 11 analysts was for earnings of 79 cents a share, data compiled by Bloomberg show.

Read the full story at Bloomberg, by John Gittelsohn and Prashant Gopal

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