PulteGroup (PHM) Misses Q3 EPS by 1c
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PulteGroup Reports Third Quarter 2016 Financial Results
October 20, 2016 6:31 AM EDTATLANTA, Oct. 20, 2016 /PRNewswire/ -- PulteGroup, Inc. (NYSE: PHM) announced today financial results for its third quarter ended September 30, 2016. The Company's reported Q3 net income of $128 million, or $0.37 per share, included pretax charges of $31 million, or $0.06 per share, associated with the settlement of a disputed land transaction, restructuring costs associated with previously announced plans to reduce overhead expenses, and costs relating to shareholder activities. Prior year net income of $108 million, or $0.30 per share, included net pretax charges of $14 million, or $0.03 per share, resulting from litigation-related reserve adjustments in the quarter.Â
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