ATLANTA (AP) — ATLANTA (AP) — PulteGroup Inc. (PHM) on Tuesday reported first-quarter net income of $663 million.
On a per-share basis, the Atlanta-based company said it had net income of $3.10. Earnings, adjusted for non-recurring gains, came to $2.87 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.36 per share.
The homebuilder posted revenue of $3.95 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $3.59 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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