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PulteGroup, Inc. Q2 adjusted earnings Beat Estimates

PulteGroup, Inc. (PHM) released a profit for its second quarter that increased from last year.

The company's profit totaled $348.62 million, or $1.29 per share. This compares with $241.04 million, or $0.86 per share, in last year's second quarter.

Excluding items, PulteGroup, Inc. reported adjusted earnings of $310.63 million or $1.15 per share for the period.

Analysts had expected the company to earn $0.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.0% to $2.59 billion from $2.49 billion last year.

PulteGroup, Inc. earnings at a glance:

-Earnings (Q2): $310.63 Mln. vs. $241.04 Mln. last year.
-EPS (Q2): $1.15 vs. $0.86 last year.
-Analysts Estimate: $0.87
-Revenue (Q2): $2.59 Bln vs. $2.49 Bln last year.

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