Wednesday, Nov. 4, 2009

Pulte Homes posts $361.4M loss for Q3

BLOOMFIELD HILLS, Mich. (AP) - Pulte Homes Inc., which completed its acquisition of Centex Corp. in August, says its third-quarter loss widened, but housing markets continue to stabilize and stoke buyer demand.

Pulte said Wednesday it lost $361.4 million, or $1.15 a share, in the three months ended in September. The company offered no combined figures for the third quarter last year, when Pulte lost $280.4 million, or $1.11 a share.

Revenue dropped to $1.1 billion from $1.6 billion the year before.

Analysts polled by Thomson Reuters were expecting a loss of 64 cents a share on revenue of about $1.2 billion

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On the Net:

Pulte Homes: http://www.pulte.com/

2009-11-04     12:28:33 GMT

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