India, June 16 -- Lennar Corp. (LEN.B) reported a profit for second quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $477.45 million, or $1.81 per share. This compares with $954.31 million, or $3.45 per share, last year.
Excluding items, Lennar Corp. reported adjusted earnings of $499 million or $1.90 per share for the period.
Analysts on average had expected the company to earn $1.94 per share. Analysts' estimates typically exclude special items.
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The company's revenue for the period fell 4.4% to $8.377 billion from $8.765 billion last year.
Lennar Corp. earnings at a glance (G...