MIAMI (AP) _ Lennar Corp. (LEN) on Wednesday reported fiscal first-quarter net income of $503.6 million.

The Miami-based company said it had profit of $1.69 per share. Earnings, adjusted for non-recurring costs, came to $2.70 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.60 per share.

The homebuilder posted revenue of $6.2 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $6.19 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEN at https://www.zacks.com/ap/LEN

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