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Pulte Homes Narrows Loss, Improves Sales
Topics:Real Estate | Housing | Stock Market | Earnings
Companies:Pulte Homes
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Pulte Homes narrowed its quarterly loss, and sales at the homebuilding company rose from the same period last year.
The homebuilder reported a loss of $1.33 a share in its fourth quarter on sales of $1.65 billion, compared with a deficit of $3.54 a share on sales of $2.9 billion in the same period last year.
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Analysts who follow Pulte expected the company to turn in a loss of 71 cents a share on sales of $1.44 billion, according to a consensus from Thomson Reuters.
Pulte shares [PHM
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()
], which closed Wednesday at $10.83, fell over 3 percent in extended trading.
© 2012 CNBC.com
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