PulteGroup Q3 Earnings Miss Estimates as Net Income Falls to $475.7 Million

PulteGroup Inc. (PHM) reported third-quarter net income of $475.7 million, or $2.53 per share, missing Wall Street expectations of $2.63 per share, according to a Zacks Investment Research survey of six analysts. The Atlanta-based homebuilder posted revenue of $3.97 billion for the period, also falling short of the $4.13 billion forecast by five analysts surveyed by Zacks. The results, announced Thursday, reflect weaker-than-expected performance for the quarter.