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Lennar revenue rises 14.6 percent

Posted by: Admin | Posted on: December 19th, 2016 | 0 Comments


U.S. Homebuilder Lennar Corp (LEN.N) reported a 14.6 percent increase in quarterly revenue, boosted by a rise in home sales and higher prices.

The company’s net income attributable to shareholders rose to $313.5 million, or $1.34 per share, in the fourth quarter ended Nov. 30 from $281.6 million, or $1.21 per share, a year earlier.

Revenue rose to $3.38 billion from $2.95 billion.

(Reporting by Arunima Banerjee in Bengaluru; Editing by Anil D’Silva)

Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/tOR_OyTcwfw/us-lennar-results-idUSKBN14812D

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