ATLANTA (AP) — ATLANTA (AP) — PulteGroup Inc. (PHM) on Thursday reported first-quarter net income of $347 million.
On a per-share basis, the Atlanta-based company said it had net income of $1.79.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.
The homebuilder posted revenue of $3.41 billion in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $3.38 billion.
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