Lennar Corp. Announces Advance In Q1 Earnings

(RTTNews) - Lennar Corp. (LEN.B) announced a profit for its first quarter that advanced from last year.

The company's earnings came in at $136.22 million, or $0.53 per share. This compares with $38.08 million, or $0.16 per share, in last year's first quarter.

Analysts had expected the company to earn $0.77 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 27.4% to $2.98 billion from $2.34 billion last year.

Lennar Corp. earnings at a glance:

-Earnings (Q1): $136.22 Mln. vs. $38.08 Mln. last year. -EPS (Q1): $0.53 vs. $0.16 last year. -Analysts Estimate: $0.77 -Revenue (Q1): $2.98 Bln vs. $2.34 Bln last year.