Lennar's quarterly revenue rises 18.8 pct on higher home sales


Reuters

CORRECTED-Lennar's quarterly revenue rises 18.8 pct on higher home sales


(Corrects second graph to say net income "fell", not "rose")
    June 20 (Reuters) - Lennar Corp <LEN.N>, the No. 2 U.S.
homebuilder, reported an 18.8 percent rise in quarterly revenue
on Tuesday, as it sold more homes at higher prices and orders
rose 11.8 percent.
    Net income attributable to Lennar fell to $213.6 million, or
91 cents per share, in the second quarter ended May 31, from
$218.5 million, or 95 cents per share, a year earlier.
[nPn8GNVXGa]
    The quarter included acquisition-related expenses which
impacted Lennar's margins.
    Total revenue rose to $3.26 billion from $2.75 billion.

 (Reporting by Ankit Ajmera in Bengaluru; Edited by Martina
D'Couto)
 ((ankit.ajmera@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6749 3067; Reuters Messaging:
ankit.ajmera.thomsonreuters.com@reuters.net))

Keywords: LENNAR RESULTS/ (CORRECTED, URGENT)



This article appears in: Fundamental Analysis , World Markets , Stocks , Technology , Earnings
Referenced Symbols: LEN


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