PulteGroup: 2Q Earnings Snapshot
Posted Jul 23, 2020 07:40:12 AM.
Last Updated Jul 23, 2020 07:54:18 AM.
This article is more than 5 years old.
ATLANTA (AP) _ PulteGroup Inc. (PHM) on Thursday reported second-quarter profit of $348.6 million.
On a per-share basis, the Atlanta-based company said it had profit of $1.29. Earnings, adjusted for one-time gains and costs, came to $1.15 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.
The homebuilder posted revenue of $2.59 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $2.54 billion.
PulteGroup shares have increased almost 2% since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 1%. The stock has increased 18% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHM at https://www.zacks.com/ap/PHM
The Associated Press
