Deutsche Bank Upgrades PulteGroup (PHM) to Buy
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PulteGroup Reports Second Quarter 2016 Financial Results, Announces Next Phase Of Value Creation Plan And Adds Three Experienced Executives To Its Board Of Directors
July 21, 2016 6:30 AM EDTATLANTA, July 21, 2016 /PRNewswire/ -- PulteGroup, Inc. (NYSE: PHM) announced today financial results for its second quarter ended June 30, 2016. For the quarter, the Company's reported net income of $118 million, or $0.34 per share, included pretax charges of $15 million, or $0.03 per share, associated with the termination of certain pending land transactions and recognition of final costs associated with its corporate relocation. Prior year net income of $103 million, or $0.28 per share, included a pretax benefit of $27 million, or $0.05 per share, resulting from a legal settlement realized in the period.Â
"Building on our strong Q1 results,... More
