PulteGroup Stock Rises on Q1 Earnings & Revenue Beat

PulteGroup Inc. (PHM) has reported better-than-expected first-quarter 2024 results, wherein adjusted earnings and total revenues handily beat the Zacks Consensus Estimate. The company's performance continues to benefit from its diversified operations and strategic focus on balancing sales price and pace to maintain strong returns.President and CEO Ryan Marshall noted that while declining interest rates have helped stimulate buyer interest, affordability remains a challenge due to high home prices and stretc ...