PulteGroup Reports Third Quarter 2016 Financial Results
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PulteGroup (PHM) Misses Q3 EPS by 1c
October 20, 2016 6:37 AM EDTPulteGroup (NYSE: PHM) reported Q3 EPS of $0.43, ex-items, $0.01 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $1.94 billion versus the consensus estimate of $1.95 billion.
Net new orders for the third quarter increased 17% to 4,775 homes. The value of orders increased 25% over the prior year to $1.8 billion. The Company operated out of 709 communities in the third quarter, which is an increase of 16% over the third quarter of 2015.
Backlog value increased 20% over the prior year to $3.7 billion, as the... More
