PulteGroup, Inc. Q2 adjusted earnings Miss Estimates

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

The company's profit came in at $503.40 million, or $1.90 per share. This compares with $348.62 million, or $1.29 per share, in last year's second quarter.

Excluding items, PulteGroup, Inc. reported adjusted earnings of $456.43 million or $1.72 per share for the period.

Analysts had expected the company to earn $1.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 29.7% to $3.36 billion from $2.59 billion last year.

PulteGroup, Inc. earnings at a glance:

-Earnings (Q2): $456.43 Mln. vs. $310.63 Mln. last year.
-EPS (Q2): $1.72 vs. $1.15 last year.
-Analysts Estimate: $1.75
-Revenue (Q2): $3.36 Bln vs. $2.59 Bln last year.

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