ATLANTA (AP) — ATLANTA (AP) — PulteGroup Inc. (PHM) on Tuesday reported second-quarter earnings of $720.3 million.
On a per-share basis, the Atlanta-based company said it had profit of $3.21. Earnings, adjusted for non-recurring gains, came to $3 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.47 per share.
The homebuilder posted revenue of $4.19 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $3.96 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHM at https://www.zacks.com/ap/PHM
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