PulteGroup, Inc. (PHM): Q3 2019 Earnings Snapshot

— PulteGroup, Inc. (NYSE: PHM) reported third-quarter 2019 earnings of $1.01 per share, vs. $0.92 per share expected.

— Total revenue rose 2.3% to $2.71 billion, vs. $2.57 billion expected, as Home Sale revenues increased 3% to $2.6 billion

— Backlog was 11,638 homes, up 4%. New orders increased 13% to 6,031 homes.

— Net order value on new orders gained 11% year-over-year to $2.5 billion

— PHM shares gained 1.5% during pre-market trading hours.

Get access to timely and accurate verbatim transcripts that are published within hours of the event