April 24 PulteGroup Inc, the No. 2 U.S. homebuilder, reported an 8 percent drop in quarterly profit as it handed over fewer homes to buyers and said orders fell 6 percent.
The company's net income dropped to $74.8 million, or 19 cents per share, in the first quarter ended March 31 from $81.8 million, or 21 cents per share, a year earlier.
PulteGroup finished 3,436 homes in the quarter, down 10 percent from a year earlier. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Sriraj Kalluvila)