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Lennar Corp. Q3 Profit Rises

Lennar Corp. (LEN.B) announced earnings for its third quarter that rose from last year.

The company's profit came in at $666.42 million, or $2.12 per share. This compares with $513.37 million, or $1.59 per share, in last year's third quarter.

Analysts had expected the company to earn $1.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.2% to $5.87 billion from $5.86 billion last year.

Lennar Corp. earnings at a glance:

-Earnings (Q3): $666.42 Mln. vs. $513.37 Mln. last year.
-EPS (Q3): $2.12 vs. $1.59 last year.
-Analysts Estimate: $1.55
-Revenue (Q3): $5.87 Bln vs. $5.86 Bln last year.

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