Lennar Corp. (LEN) on Wednesday reported fiscal second-quarter earnings of $183 million.
On a per-share basis, the Miami-based company said it had profit of 79 cents.
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The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The homebuilder posted revenue of $2.39 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $2.05 billion.
Lennar shares have risen slightly more than 9 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 3 percent. The stock has climbed 18 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEN at http://www.zacks.com/ap/LEN
Keywords: Lennar, Earnings Report