Pulte Homes Inc. (PHM) reported a fourth-quarter net loss of $116.9 million or $0.31 per share, compared to a net loss of $338.17 million or $1.33 per share in the year ago quarter. The latest quarter result includes significant charges of approximately $925 million. The prior year quarter result included goodwill impairments and land-related charges of $386 million and an income tax benefit of $142 million.
Consolidated revenue for the quarter was $1.73 billion, compared to $1.64 billion in the year ago quarter. Fourth quarter 2009 net new home orders, inclusive of Centex operations for the entire period, increased 113% to 3,748 homes compared with prior year orders of 1,763 homes.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.19 per share on revenues of $1.50 billion for the quarter. Analysts' estimates typically exclude special items.
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