Lennar reported strong third quarter earnings on Wednesday, yet indicated that new home orders and deliveries would be below expectations in the upcoming quarter as a result of Hurricane Florence. The Miami-based company reported earnings of $453.2 million in the third quarter or $1.37 per share, beating analysts expectations of $1.19. Net income rose about 82 percent from the same period last year largely due to its acquisition of CalAtlantic earlier this year. The homebuilder […]
source https://therealdeal.com/miami/2018/10/03/lennar-reports-strong-q3-earnings-amid-industry-pressures/#new_tab
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