MIAMI (AP) — MIAMI (AP) — Lennar Corp. (LEN) on Tuesday reported fiscal fourth-quarter net income of $490.2 million.
The Miami-based company said it had profit of $1.93 per share. Earnings, adjusted for non-recurring costs, came to $2.03 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.23 per share.
The homebuilder posted revenue of $9.37 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $9.13 billion.
For the year, the company reported profit of $2.08 billion, or $7.98 per share. Revenue was reported as $34.19 billion.
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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