PulteGroup Q4 Earnings Fall
(RTTNews) - PulteGroup, Inc. (PHM), a residential home-construction company, on Thursday reported net income decreased in the fourth quarter compared with the previous year.
For the fourth quarter, net income declined to $501.61 million from $913.24 million in the previous year.
Earnings per share were $2.56 versus $4.43 last year.
Revenue declined to $4.61 billion from $4.92 billion in the previous year.
Net new orders increased to $3.51 billion from $3.51 billion in the prior year.
In the pre-market trading, 0.67% lesser at $122.45 on the New York Stock Exchange.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.