Lennar Corp. Q3 Profit Declines
(RTTNews) - Lennar Corp. (LEN) reported a profit for third quarter that Drops, from the same period last year
The company's bottom line totaled $590.97 million, or $2.29 per share. This compares with $1.163 billion, or $4.26 per share, last year.
Excluding items, Lennar Corp. reported adjusted earnings of $516.00 million or $2.00 per share for the period.
The company's revenue for the period fell 6.4% to $8.810 billion from $9.416 billion last year.
Lennar Corp. earnings at a glance (GAAP) :
-Earnings: $590.97 Mln. vs. $1.163 Bln. last year. -EPS: $2.29 vs. $4.26 last year. -Revenue: $8.810 Bln vs. $9.416 Bln last year.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.