logo
Plus   Neg
Share
Email

PulteGroup Rebounding Strongly On Better Than Expected Q3 Results

Shares of PulteGroup, Inc. (PHM) have shown a strong move to the upside during trading on Tuesday after trending lower in recent weeks. After ending the previous session at its lowest closing level in well over a year, PulteGroup is currently up by 8.7 percent.

The rebound by PulteGroup comes after the homebuilder reported third quarter results that beat analyst estimates on both the top and bottom lines.

PulteGroup reported third quarter earnings of $1.01 per share on revenues of $2.65 billion, while analysts had expected the company to earn $0.95 per share on revenues of $2.60 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Dunkin' Brands Group said it is rolling out the Beyond Sausage Sandwich to more than 9,000 restaurants nationwide, starting November 6. The sandwich features a plant-based sausage patty from alternative meat maker Beyond Meat. Beyond Meat's breakfast sausage patty is made with plant-based protein and a mix of spices crafted specifically for Dunkin'. Boeing said it understands and regrets the concern caused by the publications of instant messages involving a former test pilot that he "unknowingly" lied to regulators about a flight-control system on the Boeing 737 Max aircraft. The aircraft maker said it especially regrets the difficulties that the release of the messages presented for the U.S. Federal Aviation Administration or FAA. Boeing said Sunday that it had informed the Federal Aviation Administration and international regulators on multiple occasions about the expanded role of the flight-control software in 737 MAX, which was linked to two fatal crashes that killed 346 people.
RELATED NEWS
Follow RTT
>