Lennar posts lower profit, slashes outlook
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A steeper-then-expected drop in the   U.S. housing market pushed Lennar Corp.'s LEN.N quarterly   profit down 39 percent and prompted the home builder on Tuesday   to slash its forecast for the current period.
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China&#039;s Lenovo Group Ltd. said Thursday its net profit fell 85 percent in the company&#039;s first fiscal year since it bought IBM&#039;s personal computer business.
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Altria Group Inc.  posted lower quarterly profit on Wednesday, due in part to costs for closing a U.S. cigarette plant as it moves some production to Europe in a move to cut costs and reduce excess capacity.
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Del Monte Foods Co. DLM.N on Thursday   posted lower quarterly profit, hit by costs related to recent   acquisitions and higher prices for fuel and the steel used in   its packages.
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Pitney Bowes Inc , the biggest  U.S. supplier of postage meters and mailing machines, posted a  lower quarterly profit on Monday because of weakness in its  U.S. and international mailing segments as well as in its  management services business.
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Discount retailer Dollar General Corp.   DG.N on Thursday posted lower quarterly profit, hurt by weak   gross profit margins and a disappointing start to the   back-to-school shopping season.
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AnnTaylor Stores Corp  posted  lower quarterly profit on Friday as the women&#39;s apparel  retailer suffered weak customer traffic at its Ann Taylor and  LOFT chains, forcing markdowns on many items.
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Lennar Corp. LEN.N, the No. 3 U.S.   homebuilder, on Friday cut its third-quarter profit forecast,   citing a deteriorating housing market.
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Lennar Corp  on Thursday reported a wider fourth-quarter loss after home deliveries and new home orders halved amid a slowdown in the U.S. housing market, and the No. 2 U.S. home builder said it saw no signs of a recovery this year.
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Lennar Corp. LEN.N, the   third-largest U.S. home builder, on Tuesday said quarterly   profit fell 39 percent, citing a steeper and   faster-than-expected decline in the U.S. housing market.
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Building products maker  Louisiana-Pacific Corp. LPX.N on Monday posted sharply lower  quarterly profit, hurt by pricing pressures and higher costs  for fiber, resin and energy, as well as an unexpectedly high  tax rate.
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Lennar Corp. , the second-largest U.S. home builder, posted a quarterly loss on Tuesday, forecast a loss for the current quarter and warned that the weak housing market could deteriorate further.
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DuPont Co. , the No. 2 U.S.  chemical company, on Tuesday reported lower-than-expected  second-quarter profit due to lower U.S. volumes coupled with  higher energy and raw material costs.
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MIAMI -- Lennar Corp., one of the nation's biggest homebuilders, cut its third-quarter earnings projections Friday due to a decrease in new orders amid softening in the housing market. Its shares fell nearly 2 percent.
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Home builder Lennar Corp. (LEN.N: Quote, Profile, Research) on Monday reported a 12 percent rise in quarterly profit and raised its forecasts for the current and following year, citing a stable economy.
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Altria Group Inc.  posted lower quarterly profit on Wednesday, due in part to costs for closing a U.S. cigarette plant as it moves some production to Europe to cut costs and reduce excess capacity.
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The Lennar Corporation said its income fell in the third quarter after a slump in demand forced it to offer incentives to buyers.