PulteGroup, Inc. Reveals Increase In Q3 Income, Beats estimates

(RTTNews) - PulteGroup, Inc. (PHM) reported a profit for its third quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $638.78 million, or $2.90 per share. This compares with $627.93 million, or $2.69 per share, in last year's third quarter.

Analysts on average had expected the company to earn $2.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.6% to $4.00 billion from $3.90 billion last year.

PulteGroup, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $638.78 Mln. vs. $627.93 Mln. last year. -EPS (Q3): $2.90 vs. $2.69 last year. -Analyst Estimate: $2.84 -Revenue (Q3): $4.00 Bln vs. $3.90 Bln last year.