“PulteGroup Inc. (PHM), the largest U.S. homebuilder by revenue, reported a second-quarter profit that exceeded analyst estimates as it reduced costs and sold more houses at higher prices.
Net income was $42.4 million, or 11 cents a share, compared with a loss of $55.4 million, or 15 cents, a year earlier, the Bloomfield Hills, Michigan-based company said today in a statement. The average estimate of 10 analysts in a Bloomberg survey was for earnings of 6 cents a share.”
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