Pursuits
PulteGroup Falls After Builder’s Earnings Miss Estimates
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PulteGroup Inc., the third-largest U.S. homebuilder, slid the most in almost two years after reporting profit that missed analyst estimates.
First-quarter net income fell to $55 million, or 15 cents a share, from $74.8 million, or 19 cents, a year earlier, the Atlanta-based company said in a statement Thursday. The average of 14 analyst estimates was for earnings of 20 cents a share, according to data compiled by Bloomberg.