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Homebuilder Lennar's Q3 profit rises 5.6 pct
October 3, 2017 / 10:06 AM / in 2 months

Homebuilder Lennar's Q3 profit rises 5.6 pct

Oct 3 (Reuters) - U.S. homebuilder Lennar Corp reported a 5.6 percent rise in quarterly profit on Tuesday, driven by an increase in home sales and higher prices.

Net income attributable to Lennar shareholders rose to $249.2 million, or $1.06 per share, in the third quarter ended Aug. 31, from $235.8 million, or $1.01 per share, a year earlier.

The company’s revenue rose 15.1 percent to $3.26 billion. (Reporting by Arunima Banerjee in Bengaluru; Editing by Arun Koyyur)

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