WASHINGTON (dpa-AFX) - Home builder PulteGroup Inc. (PHM) posted fourth-quarter net income of $14 million, or $0.04 per share compared with a loss of $165 million, or $0.44 per share last year. On average, 21 analysts polled by Thomson Reuters expected earnings per share of $0.07 for the quarter. Analysts' estimates typically exclude one-time items. The company said the latest results included $66 million, or $0.17 per share, of mortgage, land and debt repurchase charges, partially offset by $39 million, or $0.10 per share, of Land-Sale gains and tax benefits. Total revenues advanced to $1.26 billion from $1.18 billion a year earlier, while 16 analysts estimated revenues of $1.14 billion for the quarter. Revenue from home sales totaled $1.2 billion, an increase of approximately 1% over the prior year, driven by a 3% increase in average selling price to $271,000, which was partially offset by a 2% decrease in closings to 4,303 homes.
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