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Stock Market & Financial Investment News

News Breaks
March 12, 2014
06:13 EDTPHMPulteGroup downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded PulteGroup to Neutral from Outperform following monthly survey results that indicate continued demand weakness and lower buyer traffic. The firm expects lower 1H 2014 absorption rates and margins. Price target is $20.
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July 24, 2014
06:40 EDTPHMPulteGroup reports Q2 backlog value $2.8B
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06:38 EDTPHMPulteGroup reports Q2 EPS 11c, may not compare to consensus 25c
Reports Q2 revenue $1.29B, consensus $1.33B. Q2 net income was $42M, or 11c per share, after pretax charges of $88M, or 14c per share, for insurance reserves and office relocation costs. Net income for the second quarter reflects $26M, or 7c per share, of income tax expense.

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