Tuesday, June 26, 2007

UPDATE 1-Lennar posts quarterly loss on lower revenue

(Reuters) - Lennar posted a net loss of $244.2 million, or $1.55 a
share for the fiscal second quarter that ended April 30,
compared with net earnings of $324.7 million, or $2 a share, a
year earlier.




Analysts on average had forecast earnings of 1 cent a
share, according to Reuters Estimates.


Read more at Reuters.com Market News

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