Yet, even a 15% increase in net earnings per share failed toinspire investor confidence Thursday, as the publicly traded commonstock in Lennar closed down $3.15 a share at $33.15 on volume of1.6 million.

Already affected by continued weakness in the national economy,Lennar shares joined many other publicly traded stocks on adownward trend this week in the aftermath of the Sept. 11 terroristattack. Since closing at a recent high of $45.09 on Sept. 4, theissue has fallen $11.94 as of the close of markets on Thursday.

Still, the Miami-based homebuilder exceeded a Thomson/First Callthird-quarter consensus estimate of $1.33 per share by 20 cents.And the company expressed confidence in meeting the yearendconsensus forecast of $5.49 a share.

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