ATLANTA – PulteGroup Inc. (PHM) on Tuesday reported fourth-quarter earnings of $77.4 million.
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On a per-share basis, the Atlanta-based company said it had net income of 26 cents. Earnings, adjusted for non-recurring costs, were 85 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.
The homebuilder posted revenue of $2.79 billion in the period, which matched Street forecasts.
PulteGroup shares have risen 0.5 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased roughly 7 percent. The stock has increased 57 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on PHM at https://www.zacks.com/ap/PHM
