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Actionable news in PHM: PULTEGROUP Inc,

Pulte beats, boosts buyback, adds board members; +3.3% premarket

Q2 net income of $118M or $0.34 per share includes pretax negative items of $15M or $0.03 per share. Expectations had been for $0.32. Last year's net income of $103M or $0.28 per share included pretax benefit of $27M or $0.05 per share.

Deliveries up 27% to 4,772 homes, with ASP up 11% to $367K. Gross margin of 21.5% is inline with guidance, and took about a 70 bp hit thanks to the John...


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