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PulteGroup posts 4Q profit, results beat Street expectations

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ATLANTA — PulteGroup Inc. (PHM) on Thursday reported fourth-quarter profit of $217.1 million.

The Atlanta-based company said it had profit of 58 cents per share. Earnings, adjusted for non-recurring gains, were 43 cents per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The homebuilder posted revenue of $1.82 billion in the period, which also beat Street forecasts. Analysts expected $1.78 billion, according to Zacks.

For the year, the company reported profit of $474.3 million, or $1.26 per share. Revenue was reported as $5.82 billion.

PulteGroup shares have declined 4 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased roughly 3 percent. The stock has increased roughly 6 percent in the last 12 months.

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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 http://www.zacks.com/ap/PHM

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Keywords: PulteGroup, Earnings Report

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