Pulte beats estimates, points to robust housing market

PulteGroup’s quarterly profit beat analysts’ estimates with average prices rising to $413,000 in the first quarter from $375,000 a year earlier. CEO Ryan Marshall says demand among U.S. homebuyers was holding up strongly in the face of rising interest rates. The company soared to 59 cents per share, beating the average analyst estimate of a profit of 45 cents per share.

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Source: CNBC