Lennar Corp. LEN shares rose in the extended session Tuesday after the homebuilder’s quarterly results and forecast topped Wall Street estimates. Lennar shares rose 3% after hours, following a 1.3% rise in the regular session to close at $100.77. The company reported fiscal first-quarter net income of $596.5 million, or $2.06 a share, compared with $503.6 million, or $1.69 a share, in the year-ago period. Revenue rose to $6.49 billion from $6.2 billion in the year-ago quarter.
69 a share, in the year-ago period. Revenue rose to $6.49 billion from $6.2 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast $1.55 a share on revenue of $5.91 billion. “During the quarter, we saw a generally strong economy at the intersection of high inflation and strong employment numbers, while the housing market continued down a winding road of trying to find its footing,” said Stuart Miller, Lennar chairman, in a statement.
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