Pulte Homes Narrows Loss, Improves Sales


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.

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 , which closed Wednesday at $10.83, fell over 3 percent in extended trading.

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