BUZZ-PulteGroup rises after upbeat Q4 results

Reuters
01-31
BUZZ-PulteGroup rises after upbeat Q4 results

** Shares of U.S. homebuilder PulteGroup PHM.N up as much as 6.6% at $120.42

** Co beats Q4 revenue, profit estimates on promotion-driven increased home sales despite high mortgage rates

** Reports Q4 revenue of $4.92 billion vs. estimates of $4.64 billion - data compiled by LSEG

** Posts quarterly EPS of $4.43 compared to Street consensus of $3.27

** Co also announced a $1.5 billion increase in share buybacks

** PHM rose 5.5% in 2024

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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