Lennar Corp. Q3 adjusted earnings Beat Estimates

(RTTNews) - Lennar Corp. (LEN.B) reported earnings for its third quarter that climbed from last year.

The company's profit totaled $453.21 million, or $1.37 per share. This compares with $249.17 million, or $1.04 per share, in last year's third quarter.

Excluding items, Lennar Corp. reported adjusted earnings of $532.23 million or $1.61 per share for the period.

Analysts had expected the company to earn $1.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 73.9% to $5.67 billion from $3.26 billion last year.

Lennar Corp. earnings at a glance:

-Analysts Estimate: $1.19 -Revenue (Q3): $5.67 Bln vs. $3.26 Bln last year.