ATLANTA (AP) — ATLANTA (AP) — PulteGroup Inc. (PHM) on Thursday reported fourth-quarter profit of $501.6 million.
On a per-share basis, the Atlanta-based company said it had profit of $2.56. Earnings, adjusted for non-recurring costs and asset impairment costs, came to $2.88 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.78 per share.
The homebuilder posted revenue of $4.61 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $4.31 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
