Lennar profit rises, orders jump 32 pct

Tue Jan 15, 2013 6:05am EST

Jan 15 (Reuters) - Homebuilder Lennar Corp reported a higher quarterly profit and a seventh straight rise in new home orders.

Net income rose to $124.3 million, or 56 cents per share, in the fourth quarter, from $30.3 million, or 16 cents per share, a year earlier.

Orders rose 32 percent to 3,983 homes.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.