MIAMI (AP) — MIAMI (AP) — Lennar Corp. (LEN) on Thursday reported fiscal fourth-quarter earnings of $1.36 billion.
The Miami-based company said it had net income of $4.82 per share. Earnings, adjusted for non-recurring costs, were $5.17 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.64 per share.
The homebuilder posted revenue of $10.97 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $10.34 billion.
For the year, the company reported profit of $3.94 billion, or $13.73 per share. Revenue was reported as $34.23 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEN at https://www.zacks.com/ap/LEN