PulteGroup posts 4Q profit, results beat Street expectations

MarketsAssociated Press

PulteGroup Inc. (PHM) on Thursday reported fourth-quarter profit of $217.1 million.

The Atlanta-based company said it had profit of 58 cents per share. Earnings, adjusted for non-recurring gains, were 43 cents per share.

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The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The homebuilder posted revenue of $1.82 billion in the period, which also beat Street forecasts. Analysts expected $1.78 billion, according to Zacks.

For the year, the company reported profit of $474.3 million, or $1.26 per share. Revenue was reported as $5.82 billion.

PulteGroup shares have declined 4 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased roughly 3 percent. The stock has increased roughly 6 percent in the last 12 months.


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 http://www.zacks.com/ap/PHM


Keywords: PulteGroup, Earnings Report