WASHINGTON (dpa-AFX) - Home builder PulteGroup, Inc. (PHM) Thursday reported first-quarter net income of $74.82 million or $0.19 per share, down from $81.76 million or $0.21 per share in the prior year.
On average, 21 analysts polled by Thomson Reuters expected the company to earn $0.20 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter declined to $1.12 billion from $1.16 billion a year earlier. Analysts estimated revenues of $1.18 billion for the quarter.
Gross margin increased 580 basis points over prior year to 23.8%.
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