PulteGroup Analysts Increase Their Forecasts After Better-Than-Expected Q2 Earnings

PulteGroup, Inc. PHM reported better-than-expected second-quarter EPS results on Tuesday.The company posted adjusted earnings of $3.03 per share, beating the consensus estimate of $3.00. Revenue came in at $4.40 billion, slightly below analysts’ expectations of $4.41 billion.Net new orders fell to 7,083 homes from 7,649 in the prior-year quarter, with the dollar value of new orders declining to $3.9 billion from $4.4 billion. The company ended the quarter with a backlog of 10,779 homes valued at $6.8 billio ...