Home-builder Lennar’s stock jumps after company posts better first quarter profits than expected

Home-builder Lennar’s stock jumps after company posts better first quarter profits than expected

Powerhouse home-builder Lennar Corp. of Miami beat Wall Street’s expectations Wednesday by reporting better-than-expected first quarter profits and revenues after selling more homes at higher prices and gaining a boost from its purchase of onetime rival CalAtlantic. The company’s stock price jumped the $60 mark on the New York Stock Exchange, recording a 10 percent…