PulteGroup (PHM) Tops Q3 EPS by 1c, Sales Miss

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PulteGroup Reports Third Quarter 2017 Financial Results

October 24, 2017 6:30 AM EDT

Reported Net Income of $0.58 Per ShareAdjusted Net Income of $0.60 Per Share Increased 40% Over Prior Year Q3 Adjusted Net Income of $0.43 Per ShareHome 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 BillionUnit Backlog Increased 15% to 10,823 Homes; Backlog Value Increased 26% to $4.7 BillionCompany Repurchased 10.4 Million Shares of Stock During the Quarter for $260 Million

ATLANTA, Oct. 24, 2017 (GLOBE NEWSWIRE) -- PulteGroup, Inc.... More