Investing.com - PulteGroup (NYSE:PHM) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PulteGroup announced earnings per share of $1.83 on revenue of $3.19B. Analysts polled by Investing.com anticipated EPS of $1.73 on revenue of $3.07B.
PulteGroup shares are down 26% from the beginning of the year, still down 34.83% from its 52 week high of $63.91 set on May 10, 2021. They are under-performing the S&P 500 which is down 12.22% from the start of the year.
PulteGroup shares gained 1.08% in pre-market trade following the report.
PulteGroup follows other major Consumer Discretionary sector earnings this month
PulteGroup's report follows an earnings beat by Tesla on April 20, who reported EPS of $3.22 on revenue of $18.76B, compared to forecasts EPS of $2.26 on revenue of $17.87B.
McDonald’s had beat expectations on Thursday with first quarter EPS of $2.28 on revenue of $5.67B, compared to forecast for EPS of $2.17 on revenue of $5.57B.
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