PulteGroup Inc (PHM.N)
U.S. homebuilder PulteGroup Inc reported its worst quarterly fall in orders since 2013 on Tuesday and said it was having to spend heavily on incentives for buyers, weakening its margins, in the face of the shakiest outlook for spring sales in years.
* Shares fall as much as 7.1 pct (Adds CEO quote, analyst comment; Updates share price)
Jan 29 PulteGroup Inc reported a 7.3 percent rise in fourth-quarter revenue, as the homebuilder sold more homes at higher prices.
Jan 25 Diary of U.S. (.SPX) corporate earnings for the week ahead. ** Please Note - All times given are in U.S. EDT unless otherwise stated ** U.S. EARNINGS Start Date Start RIC Company Event Name Time 29-Jan-2019 06:00 DHR.N Danaher Corp Q4 2018 Danaher Corp Earnings Release 30-Jan-2019 06:00 ANTM.N Anthem Inc Q4 2018 Anthem Inc Ea
NEW YORK U.S. homebuilders' earnings have been hit by rising mortgage rates in the latest quarter, but their shares are showing signs of recovering.
By April Joyner NEW YORK, Nov 1 U.S. homebuilders' earnings have been hit by rising mortgage rates in the latest quarter, but their shares are showing signs of recovering. The S&P Composite 1500 Homebuilding index has dropped 9.4 percent in October and 31.2 percent year-to-date, but the homebuilding stock index has recovered by 8.2 percent since Oct. 24. The benchmark S&P 500 index lost 6.94 percent in October, its worst month since September 201
PulteGroup Inc raised its fourth-quarter forecast for average prices on Tuesday, easing investor concerns that rising mortgage rates would hurt homebuyers' affordability and pressure the company's ability to raise prices.
* Shares rise as much as 6.8 pct (Adds details from conf call, CEO quote, forecast; updates share move)
Oct 23 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.