Miami, FL, March 20, 2014 — Homebuilder Lennar Corp. said net earnings for the fiscal first quarter rose to $78.1 million, or $0.35 a share, from $57.5 million, or $0.26 a share, in the year-ago period.
Revenue rose 38% to $1.4 billion.
The company said it is optimistic about the U.S. housing-market.
“We were encouraged with the progression in our first quarter as we saw sequential monthly improvement in both traffic and new orders,” Chief Executive Stuart Miller said.
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