Sponsored Links
Pulte posts 3rd-qtr profit as new home orders rise
Oct 25 (Reuters) - PulteGroup Inc, the second largest U.S. homebuilder, posted a quarterly profit and a sharp rise in new orders as the company benefited from a rebound in housing demand.
Pulte reported third-quarter net income of $116.6 million, or 30 cents per share, compared with a net loss of $129.3 million, or 34 cents per share, a year earlier.
Revenue rose 12 percent to $1.23 billion.
New home orders, a key metric that determines housing demand, rose 27 percent to 4,544 homes.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters