Lennar Corp. (LEN) Tops Q3 EPS by 18c, Revenues Beat
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Lennar Reports Third Quarter EPS of $1.37
October 3, 2018 6:00 AM EDTMIAMI, Oct. 3, 2018 /PRNewswire/ --
Net earnings of $453.2 million, or $1.37 per diluted share, which includes the following: $0.21 per diluted share related to backlog/construction in progress write-up related to purchase accounting $0.03 per diluted share related to acquisition and integration costs Excluding these items, EPS would have been $1.61 per diluted share In addition, tax benefits totaling $34.1 million, or $0.10 per diluted share, were recorded primarily related to tax accounting method changes and energy credits Deliveries of 12,613 homes up 66% New orders of 12,319 homes up... More