Shares of homebuilding company PulteGroup, Inc. (PHM) are rising more than 7% Tuesday morning after reporting upbeat fourth-quarter results.
The company reported net income of $882.23 million, or $3.85 per share, higher than $663.26 million or $2.61 per share in the same quarter a year ago.
Excluding one-time items, earnings were $832 million, or $3.63 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $2.93 per share.
Quarterly revenue increased to $5.171 billion from $4.358 billion last year. The consensus estimate stood at $4.59 billion.
PHM, currently at $56.08, has traded in the range of $35.03-$56.71 in the last 1 year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.