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Lennar 2Q profit falls but tops Wall St. forecast (AP)

Thursday, 23 June 2011 22:58 Webmaster
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In this photo taken June 22, 2011, new homes are seen under a Lennar banner in Santa Clarita, Calif. Lennar Corp.'s net income dropped 65 percent in its fiscal second quarter Thursday, June 23, 2011, partly on the absence of an income tax benefit but managed to beat analysts' expectations as home deliveries declined.(AP Photo/Damian Dovarganes)

AP - Lennar Corp. rendered its verdict on the spring home-selling season on Thursday, saying an expected sales rally in what is traditionally the peak period for home sales simply didn't happen.




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