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Earnings

Pulte forecasts 2019 home sales below estimates

(Reuters) - U.S. homebuilder PulteGroup Inc PHM.N on Tuesday forecast full-year home sales below the average analyst estimate.

The company said it expected to sell 22,300 to 22,800 homes this year, on a conference call.

Analysts were expecting 22,764 home sales this year, according to Refinitiv data.

The company’s shares reversed course and were down 2.3% to $32.7 in premarket trading.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli

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