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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Mick Mørmøny who wrote (45752)	12/14/2005 4:29:41 PM
From: Mick Mørmøny	Read Replies (1) \| Respond to of 306849

Pulte Homes 3Q earnings climb 50% Wednesday December 14, 2:06 pm ET Pulte Homes reported third quarter earnings of $387.7 million, a 50 percent increase over earnings in the third quarter of last year. Earnings per share rose 48 percent to $1.47 per diluted share. Consolidated revenue for the company reached $3.8 billion, up from $3 billion in the same quarter last year. The 791 homes built in 2004 by Michigan-based Pulte (PHM) made it the No. 4 homebuilder in the Tampa Bay area, according to research by the Tampa Bay Business Journal. "Pulte's record third quarter results include a 48 percent increase in earnings per share, $4 billion in new orders and a backlog valued at $8 billion," said CEO Richard J. Dugas Jr. Dugas added that Pulte expects earnings per share for 2005 to be in the $5.35 to $5.45 range. Pulte's board of directors also authorized a $100 million increase in the company's share buyback plan. "Pulte had used substantially all of the funds available under its existing repurchase authorization," said Chief Financial Officer Roger A. Cregg. Published December 14, 2005 by the Tampa Bay Business Journal biz.yahoo.com