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Business Briefing / Earnings

Home builder posts wider loss

September 22, 2009|Times Wire Reports

Home builder Lennar Corp. posted a bigger-than-expected third-quarter loss as revenue fell and interest costs rose. The net loss widened to $171.6 million, or 97 cents a share, from $89 million, or 56 cents, a year earlier, Lennar said. Revenue fell 42% to $643.6 million.

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