April 24, 2018 / 10:38 AM / 5 months ago

Homebuilder PulteGroup's quarterly profit jumps 87 pct

April 24 (Reuters) - PulteGroup Inc reported an 87 percent rise in first-quarter profit on Tuesday, benefiting from selling more homes at higher prices.

The U.S. homebuilder’s net income rose to $170.8 million, or 59 cents per share, in the quarter ended March 31, from $91.5 million, or 28 cents per share, a year earlier.

Revenue rose 20.9 percent to $1.97 billion. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Maju Samuel)

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