March 27, 2019 / 10:05 AM / 22 days ago

Homebuilder Lennar's quarterly profit jumps 76 pct

March 27 (Reuters) - Lennar Corp, the second-largest U.S. homebuilder, on Wednesday posted a 76.1 percent jump in quarterly profit, as easing mortgage rates boosted homebuyer appetite.

Net income attributable to Lennar rose to $239.9 million, or 74 cents per share, in the first quarter ended Feb.28, from $136.2 million, or 53 cents per share, a year earlier.

Total revenue rose 29.7 percent to $3.87 billion. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Arun Koyyur)

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