PulteGroup (PHM) Tops Q3 EPS by 1c, Sales Miss
PulteGroup (NYSE: PHM) reported Q3 EPS of $0.60, $0.01 better than the analyst estimate of $0.59. Revenue for the quarter came in at $2.13 billion versus the consensus estimate of $2.3 billion.
- Reported Net Income of $0.58 Per Share
- Adjusted Net Income of $0.60 Per Share Increased 40% Over Prior Year Q3 Adjusted Net Income of $0.43 Per Share
- Home Sale Revenues Gained 9% to $2.1 Billion
- Operating Margin Expanded by 100 Basis Points to 12.3%
- Net New Orders Gained 11% to 5,300; Value of Net New Orders Increased 23% to $2.3 Billion
- Unit Backlog Increased 15% to 10,823 Homes; Backlog Value Increased 26% to $4.7 Billion
- Company Repurchased 10.4 Million Shares of Stock During the Quarter for $260 Million
For earnings history and earnings-related data on PulteGroup (PHM) click here.
