PulteGroup: Fourth Quarter Earnings Overview

PulteGroup Exceeds Q4 Earnings and Revenue Projections

PulteGroup Inc., headquartered in Atlanta, announced on Thursday that it achieved a net profit of $501.6 million for the fourth quarter.

The company reported earnings of $2.56 per share. After adjusting for one-time expenses and asset write-downs, adjusted earnings reached $2.88 per share.

These results outperformed analysts’ expectations, as the consensus among six Zacks Investment Research analysts had predicted earnings of $2.78 per share.

During the quarter, PulteGroup generated $4.61 billion in revenue, surpassing the $4.31 billion anticipated by five analysts surveyed by Zacks.

For the full year, PulteGroup recorded a total profit of $2.22 billion, or $11.12 per share, with annual revenue totaling $17.31 billion.