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PulteGroup (PHM) Stock Gains on Q2 Earnings, Revenue Beat

NEW YORK (TheStreet) -- Shares of PulteGroup (PHM) are advancing 3.09% to $21.05 this morning after the company posted higher-than-expected earnings for the 2016 second quarter.

The Atlanta-based homebuilding company reported diluted earnings of 34 cents per share, beating analysts' estimates of 32 cents per share.

PulteGroup also reported revenue of $1.79 billion, rising 41% from the previous year. Analysts had estimated revenue of $1.66 billion for the quarter.

"We remain optimistic about the...