September 24, 2012 / 10:10 AM / in 5 years

REFILE-Lennar 3rd-qtr profit rises, orders jump

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Sept 24 (Reuters) - Lennar Corp reported a higher quarterly profit and said orders rose for the sixth straight quarter.

The company said net orders rose 44 percent to 4,198 homes in the third quarter. Orders are a key indicator for builders who do not book revenue until they close on a house.

Net income attributable to the company was $87.1 million, or 40 cents per share, compared with $20.7 million, or 11 cents per share, a year earlier.

Revenue rose 34 percent to $1.1 billion.

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