2008-12-18bloomberg.com

"Lennar Corp., the largest U.S. homebuilder by revenue, reported its seventh straight quarterly loss as mounting job losses and record foreclosures cut demand.

The fiscal fourth-quarter net loss narrowed to $811 million, or $5.12 a share, from $1.25 billion, or $7.92, a year earlier, Miami-based Lennar said today in a statement. The loss, which included a tax-related charge of $4.61 a share, was higher than the average estimate of $1.64 a share projected by 14 analysts in a Bloomberg survey."


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