ATLANTA (AP) — ATLANTA (AP) — PulteGroup Inc. (PHM) on Tuesday reported first-quarter profit of $522.8 million.
On a per-share basis, the Atlanta-based company said it had profit of $2.57.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.47 per share.
The homebuilder posted revenue of $3.89 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $3.86 billion.
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