WASHINGTON (dpa-AFX) - Lennar Corp. (LEN.B) revealed a profit for first quarter that lost ground from last year.
The company said its earnings totaled $130.78 million, or $0.56 per share. This was lower than $144.08 million, or $0.63 per share, in last year's first quarter.
The company said revenue for the quarter rose 17.6% to $2.34 billion. This was up from $1.99 billion last year.
Lennar Corp. earnings at a glance:
-Earnings (Q1): $130.78 Mln. vs. $144.08 Mln. last year. -Earnings Decline (Y-o-Y): -9.2% -EPS (Q1): $0.56 vs. $0.63 last year. -EPS Decline (Y-o-Y): -11.1% -Revenue (Q1): $2.34 Bln vs. $1.99 Bln last year. -Revenue Change (Y-o-Y): 17.6%
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