Pulte Group reported Q4 adjusted EPS of $0.34, $0.03 better than the analyst estimate of $0.31. Revenue for the quarter came in at $1.57 billion versus the consensus estimate of $1.5 billion.
Home sale revenues in the fourth quarter ended December 31, 2012, totaled $1.5 billion, an increase of 27% over the prior year’s fourth quarter. The increase in revenue was driven by a 20% increase in closings to 5,154 homes, combined with a 6% increase in average selling price to $287,000. The higher average selling price reported for the quarter reflects price increases, as well as a continued shift in product mix to include more move-up homes being closed in the period.
Real Estate
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1 minute readPulte Group beats 4Q income estimates
January 31, 2013, 10:16am
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