PulteGroup's Q3 Earnings & Revenues Beat Estimates, Stock Up

PulteGroup Inc. (PHM) reported impressive results in the third quarter of 2024, wherein earnings and total revenues handily beat the Zacks Consensus Estimate and grew year over year. The quarter's result reflects the successful execution of the company's balanced spec and build-to-order operating model. This, alongside the structural shortage of homes from years of underbuilding, continued to favor the company. Thanks to such tailwinds, the home closings during the quarter grew year over year resulting in r ...