Lennar Corp. (LEN.B) released a profit for its second quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $954.31 million, or $3.45 per share. This compares with $871.69 million, or $3.01 per share, in last year's second quarter.
Analysts on average had expected the company to earn $3.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 8.8% to $8.76 billion from $8.05 billion last year.
Lennar Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $954.31 Mln. vs. $871.69 Mln. last year.
-EPS (Q2): $3.45 vs. $3.01 last year.
-Revenue (Q2): $8.76 Bln vs. $8.05 Bln last year.
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