PulteGroup Climbs After Reporting Narrower Loss, Sales Gain
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PulteGroup Inc., the largest homebuilder by revenue, climbed to the highest in almost three months after reporting a narrower third-quarter loss on increased revenue and lower impairment costs.
The loss was $129.3 million, or 34 cents a share, compared with a loss of $995.1 million, or $2.63, a year earlier, the Bloomfield Hills, Michigan-based company said today in a statement. Revenue climbed to $1.14 billion from $1.06 billion.