Tuesday, March 27, 2007

Lennar profit drops 74 percent!

NEW YORK (Reuters) - Lennar Corp., the No. 3 U.S. home
builder, posted a 74 percent plunge in profit on Tuesday and
withdrew its earnings forecast, saying the industry's spring
selling season has failed to bloom and its outlook for the
rest of 2007 does not look bright.

To read the whole article go here.

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