October 25, 2012 / 10:43 AM / 5 years ago

Pulte posts third-quarter profit as new home orders rise

(Reuters) - PulteGroup Inc (PHM.N), the second largest U.S. homebuilder, posted a quarterly profit and a sharp rise in new orders as the company benefited from a rebound in housing demand.

Pulte reported third-quarter net income of $116.6 million, or 30 cents per share, compared with a net loss of $129.3 million, or 34 cents per share, a year earlier.

    Revenue rose 12 percent to $1.23 billion.

    New home orders, a key metric that determines housing demand, rose 27 percent to 4,544 homes.

    Reporting by Bijoy Koyitty in Bangalore; Editing by Supriya Kurane

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below