Lennar falls after quarterly profit decline

Sept 18 (Reuters) - ** Shares of homebuilder Lennar LEN.N fall about 3% to $128.5 after the bell

** LEN reports a 46% year-on-year decline in Q3 profit as inflationary pressures continue to weaken demand for homes

** Reports Q3 earnings of $2.29 per share, compared with $4.26 per share a year earlier

** Q3 revenue of $8.25 billion misses analysts' expectations of $9 billion, according to data compiled by LSEG

** Company sees Q4 home deliveries in the range of 22,000 to 23,000 units, below analysts' estimates of over 25,000 units

** Up till last close, stock up 1.4% YTD