FX.co ★ Lennar Corp. Bottom Line Climbs In Q2, Beats Estimates

Lennar Corp. (LEN.B) reported an increase in profit for its second quarter, surpassing both last year's results and Wall Street expectations.

The company's earnings for the quarter totaled $954.31 million, or $3.45 per share, up from $871.69 million, or $3.01 per share, in the same period last year.

According to data compiled by Thomson Reuters, analysts had anticipated earnings of $3.24 per share on average. These estimates generally exclude special items.

Revenue for the quarter saw an 8.8% rise, reaching $8.76 billion compared to $8.05 billion a year ago.

A summary of Lennar Corp.'s GAAP earnings for Q2:

- Earnings: $954.31 million, compared to $871.69 million last year.

- Earnings Per Share (EPS): $3.45, compared to $3.01 last year.

- Revenue: $8.76 billion, compared to $8.05 billion last year.