Thursday 23 June 2011

UPDATE 1-Lennar posts smaller quarterly profit

Jun 23 (Reuters) - Homebuilder Lennar Corp posted a smaller quarterly profit on Thursday as home prices fell, forcing builders to take charges for writing down land inventory. The third-largest U.S. builder reported earnings of $13.8 million, or 7 cents a share, compared with earnings of $39.7 ...


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