October 23, 2018 / 10:39 AM / 21 days ago

Homebuilder PulteGroup's profit jumps 63 pct

Oct 23 (Reuters) - PulteGroup Inc reported a 63 percent rise in third-quarter profit on Tuesday, as it reined in rising building costs and revenue jumped by almost a quarter.

The No.3 U.S. homebuilder’s net income rose to $289.5 million, or $1.01 per share, in the third quarter ended Sept. 30, from $177.5 million, or 58 cents per share, a year earlier.

Revenue rose 24.3 percent to $2.65 billion. (Reporting by Sanjana Shivdas in Bengaluru; Editing by James Emmanuel)

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