Tuesday, June 26, 2007

Lennar posts loss, says housing market may worsen

(Reuters) - "Given uncertain market conditions, we continue to lack visibility as to future results, but we currently expect to be in a loss position in our third quarter," he said.




Lennar recorded a net loss of $244.2 million, or $1.55 a share, for its fiscal second quarter, ended May 30, compared with a profit of $324.7 million, or $2 a share, a year earlier.


Read more at Reuters.com Business News

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