PulteGroup: Q2 Earnings Snapshot
Published 6:38 am Tuesday, July 23, 2024
ATLANTA (AP) — ATLANTA (AP) — PulteGroup Inc. (PHM) on Tuesday reported second-quarter profit of $809.1 million.
On a per-share basis, the Atlanta-based company said it had net income of $3.83. Earnings, adjusted for non-recurring gains, were $3.58 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.21 per share.
The homebuilder posted revenue of $4.6 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $4.48 billion.
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