PulteGroup Inc. reported Tuesday first-quarter profit and revenue that rose well above expectations, as closings and average sales prices increased. The...
PulteGroup Inc. PHM reported Tuesday first-quarter profit and revenue that rose well above expectations, as closings and average sales prices increased. The homebuilder’s stock edged up less than 0.1% in premarket trading. Net income rose to $532.3 million, or $2.35 a share, from $454.7 million, or $1.83 a share, in the year-ago period. The FactSet consensus for earnings per share was $1.82. Revenue grew 13.5% to $3.58 billion, above he FactSet consensus $3.26 billion.
35 a share, from $454.7 million, or $1.83 a share, in the year-ago period. The FactSet consensus for earnings per share was $1.82. Revenue grew 13.5% to $3.58 billion, above he FactSet consensus $3.26 billion. Home closings increased 6% to 6,394 homes, boosted by the company’s decision to increase the availability of quick move-in homes, and the average sales price rose 9% to $545,000. Gross orders increased 1% to 8,898 homes, while net new orders fell 8% to 7,354 homes.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Big Tech determines the course of Wall Street, here is why Amazon will hold the most swayAmazon.com Inc., Meta Platforms Inc., Alphabet Inc. and Microsoft Corp. lead a packed week of first-quarter earnings.
Read more »
John Galantic Steps Down as President and Chief Operating Officer of Chanel Inc.“During his time with Chanel, John Galantic has built the brand and the business of Chanel Inc. into a true powerhouse.” said a Chanel spokeswoman, who confirmed his resignation Monday.
Read more »
Astros' Chas McCormick won't come off injured list when eligible TuesdayChas McCormick still hasn't swung a bat since going on the injured list so he'll need a...
Read more »
Sixers to begin East semifinals at Boston on Saturday if Celtics close out Hawks on TuesdayIf the Celtics are nearly as efficient as the Sixers have been in dispatching first-round opponents, a new playoff series could start as early as this coming weekend.
Read more »
Houston's Windsync quintet brings back multi-site music fest that begins TuesdayThe venues where the wind quintet will perform include Methodist Hospital, Zilka Hall and...
Read more »
Central Texas weather: Cool Monday, severe storms possible Tuesday and WednesdayMonday will be cool and dry, but we could be in for some more severe weather later this week. Zack Shields has details in his full forecast.
Read more »