Lennar Profit Beats Estimates

Lennar Corp e1294837496566 150x150 Lennar Profit Beats EstimatesMiami based Lennar Corp, the third largest U.S. homebuilder reported a better than expected net income of $32 million for the three months ending on Nov 30th. The fact that homebuilders are able to make money in an environment where they have to compete with so many distressed sales of previously owned homes is encouraging. Lennar shares rallied to an eight month high after the news.

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