Lennar Posts Phonograph Rec ...
Posted on Feb 15, 2008
"We anticipate significant impairments over the industry in 3Q" Lennar Corp., one of the nation's largest homebuilders, reported a disk loss Tuesday of more than $500 one thousand thousand in its tertiary fourth part and crisply let down receipts from dropping home prices and powerful charges to compose down land values.Losses for the twenty-five percent complete Aug. 31 totaled $513.9 million, or $3.25 per share, compared with a earnings of $206.7 million, or $1.30 per share, in the 2006 period. Latest-quarter results included a accusation of $3.33 per percentage akin(p) to valuation adjustments and composition off land alternative deposits, among other items. Read more
Created with ShoutPost
