Investing.com - PulteGroup (NYSE:PHM) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
PulteGroup announced earnings per share of $0.74 on revenue of $2.29B. Analysts polled by Investing.com anticipated EPS of $0.7 on revenue of $2.32B. That with comparison to EPS of $0.59 on revenue of $2B in the same period a year before.PulteGroup had reported EPS of $1.22 on revenue of $3.02B in the previous quarter.Analysts are expecting EPS of $0.94 and revenue of $2.67B in the upcoming quarter.
PulteGroup shares are down 37% from the beginning of the year and are trading at $24.07 , down-from-52-week-high.They are under-performing the S&P 500 which is down 13.73% year to date.
PulteGroup follows other major Capital Goods sector earnings this month
PulteGroup's report follows an earnings missed by ASML ADR on Wednesday, April 15, 2020, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.
Lockheed Martin had beat expectations on Tuesday with first quarter EPS of $6.08 on revenue of $15.65B, compared to forecast for EPS of $5.78 on revenue of $15.09B.
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