WASHINGTON (dpa-AFX) - Lennar Corp. (LEN.B) reported a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $719.33 million, or $2.57 per share. This compares with $596.53 million, or $2.06 per share, in last year's first quarter.
Analysts on average had expected the company to earn $2.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.6% to $7.31 billion from $6.49 billion last year.
Lennar Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $719.33 Mln. vs. $596.53 Mln. last year. -EPS (Q1): $2.57 vs. $2.06 last year. -Revenue (Q1): $7.31 Bln vs. $6.49 Bln last year.
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