Lennar revenue rises 14.6 percent

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(Copyright Reuters 2016)

U.S. Homebuilder Lennar Corp reported a 14.6 percent increase in quarterly revenue, boosted by a rise in home sales and higher prices.

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The company's net income attributable to shareholders rose to $313.5 million, or $1.34 per share, in the fourth quarter ended Nov. 30 from $281.6 million, or $1.21 per share, a year earlier.

Revenue rose to $3.38 billion from $2.95 billion.

(Reporting by Arunima Banerjee in Bengaluru; Editing by Anil D'Silva)