UPDATE: Lennar Posts Higher Q2 Profit

Lennar (NYSE: LEN) reported a rise in its second-quarter profit. Its new orders also surged 40%.

Lennar's quarterly net income surged to $452.7 million, or $2.06 per share, versus $13.8 million, or $0.07 per share, in the year-ago period.

Its revenue gained 22% to $930.2 million.

Lennar shares closed at $27.39 yesterday.

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Tags: profit

Posted in: Earnings, News

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