PulteGroup Reports $273 Million 4th Qtr Profit

BuilderOnline

PulteGroup, Inc. on Thursday reported net income of $273 million, or $0.83 per share, for the fourth quarter ended Dec. 31. The gain, which included $0.16 per share of insurance and income tax benefits, compared with net income of $228 million, or $0.64 per share, included $0.07 per share of benefits associated with the reversal of certain mortgage and insurance reserves, for the prior-year quarter.

Read More

Previous Stadium Plan Revives Inglewood’s Real Estate
Next Homebuilders Surge On Strong Earnings, Low Inventory Levels

About author

Michael Anderson
Michael Anderson 244 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

KB Delivers Q1 Earnings Beat

In another indication of the strengthening new home market, KB reported Q1 earnings above consensus estimates. Analysts had predicted profit of $0.02 per share, which was lower than the $0.08

Homebuilders / Land Developers

Toll Beats on Profits, Misses on Revenues

Toll reported Q2 2015 earnings of $67.9M, or 37 per cents per share, beating analyst estimates of 35 cents per share. Revenues came in lower than expected at $852.6M versus

Homebuilders / Land Developers 0 Comments

Toll Doubles Profit in 3Q 2104, Stock Drops?

Although the current quarter was a strong one for Toll primarily due to its ability to compress overhead and selling expenses, the stock took a hit as a result of