January 9, 2019 / 11:12 AM / in 5 months

Lennar profit more than doubles on CalAtlantic acquisition

Jan 9 (Reuters) - Lennar Corp, the second-largest U.S. homebuilder, on Wednesday reported a quarterly profit that more than doubled, helped by the acquisition of CalAtlantic homes.

Net income attributable to Lennar rose to $796.1 million, or $2.42 per share, in the fourth quarter ended Nov. 30, from $309.6 million, or $1.29 per share, a year earlier.

Excluding items, Lennar earned $1.96 per share.

Total revenue rose 70.6 percent to $6.46 billion. (Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

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