PulteGroup (PHM) Tops Q4 EPS by 18c

PulteGroup (NYSE: PHM) reported Q4 EPS of $0.58, $0.18 better than the analyst estimate of $0.40. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.76 billion.

The increase in revenue was driven by a 7% increase in closings to 5,316 combined with a 3% increase in average selling price to $334,000. The higher average selling price in the quarter reflects price increases realized across all three of the Company's national brands: Centex, Pulte Homes and Del Webb.

For earnings history and earnings-related data on PulteGroup (PHM) click here.

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