Skip to main content

Lennar: Fiscal Q1 Earnings Snapshot

MIAMI (AP) — MIAMI (AP) — Lennar Corp. (LEN) on Thursday reported fiscal first-quarter net income of $229.4 million.

On a per-share basis, the Miami-based company said it had net income of 93 cents. Earnings, adjusted for non-recurring gains, came to 88 cents per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The homebuilder posted revenue of $6.62 billion in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $6.83 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEN at https://www.zacks.com/ap/LEN

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story

Related Stories

Knicks take 1-0 lead into game 2 against the Spurs

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

Police warn families of Tiananmen crackdown dead not to visit graves on 37th anniversary