Pulte Group (PHM) Tops Q3 EPS by 7c

Pulte Group (NYSE: PHM) reported Q3 EPS of $0.27, $0.07 better than the analyst estimate of $0.20. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.41 billion.

Net new orders for the third quarter totaled 4,544 homes valued at $1.3 billion, an increase of 27% and 43%, respectively, over the prior year. The year-over-year increase in signups was generated from 7% fewer communities. On a unit basis, PulteGroup's quarter-end backlog was up 49% to 7,686 homes with a value of $2.2 billion, compared with a prior year backlog of 5,143 homes with a value of $1.4 billion. The Company's third quarter 2012 backlog is the highest dollar value since the second quarter of 2008.

For earnings history and earnings-related data on Pulte Group (PHM) click here.

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