MIAMI-Lennar Corp., a 50-year-old multifamily and single-family residential builder based here, has reported a 12% rise in third-quarter net earnings, compared with last year’s third quarter.For the quarter, which ended Aug. 31, net earnings were $225.2 million, or a record $1.36 per share diluted, compared with $201.6 million, or $1.21 per share diluted, for the 2003 quarter.The company also experienced record revenue of $2.7 billion, a 21% increase from the nearly $2.3 billion for last year’s period. Total revenue for the first nine months of the year were almost $7 billion, up from approximately $6 billion for that period a year earlier.Stuart Miller, president and CEO of Lennar Corp., says in a statement: “Assuming general economic stability, our record-level $6.1 billion backlog, our strong balance sheet and our strategic positioning give us confidence in our future outlook. We are increasing both our fiscal 2004 earnings-per-share goal to $5.70 from $5.50 per share and our fiscal 2005 earnings-per-share goal to $6.60 from $6.00 per share.”

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