Pulte Misses Earnings Expectations

Pulte Misses Earnings Expectations

PulteGroup’s stock took a tumble after the company reported earnings that fell short of analysts’ expectations. The company reported earnings of 30 cents a share down 7 cents from the year ago period on revenue of $1.46 billion which was down from $1.55 billion in 3Q 2014. Forecasts had predicted earnings of 43 cents per share on $1.77 billion of revenue. The stock was down close to 10% in midday trading. Pulte blamed the weaker earnings on labor shortages which delayed completions. On a positive note, orders and average selling price were up.

Read More

Previous Horton Picks Up 20 Lots in West Hills
Next Terramor Masterplan on I-15 Corridor Breaks Ground

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Homebuilders / Land Developers

The New Home Company Named Fastest Growing Public Company in Orange County

The New Home Company has been named the Fastest Growing Public Company in Orange County on a list published by the Orange County Business Journal.

Homebuilders / Land Developers

Top 50 Master-Planned Communities of 2016

John Burns Real Estate Consulting LLC congratulates the top 50 master-planned communities (MPCs) in the country on their strong new home sales in 2016 with their annual ranking report co-authored

Homebuilders / Land Developers

Oil Prices to Impact Homebuilding Stocks?

With 29% and 21% exposure for KB Home and Lennar, respectively, to Texas, in terms of community count, the potentially negative impact of lower oil prices on these homebuilders’ stocks