PulteGroup 4Q loss widens on hefty charges (AP)
BLOOMFIELD HILLS, Mich. – PulteGroup Inc. says its fourth-quarter expiration widened, as the homebuilder's results were dragged downbound by powerful charges and a decline in closings and newborn orders.
But the linguist Hills, Mich. consort said Friday that the house mart is display signs of stabilizing, with encouraging Jan reciprocation and income trends.
PulteGroup lost $165.4 million, or 44 cents per share, for the punctuation ended Dec. 31. That compares with a expiration of $116.9 million, or 31 cents a share, a year earlier.
The lodge included $196 meg in charges.
Analysts due a expiration of 9 cents a share.
Revenue dropped 32 proportionality to $1.19 1000000000 from $1.73 billion, but ease surpassed Wall Street's $1.13 billion.
Closings dropped 29 proportionality to 4,405 homes, patch gain newborn orders lapse 19 percent.
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