January 28, 2020 / 11:39 AM / 6 months ago

Homebuilder PulteGroup's revenue edges up as home prices ease

Jan 28 (Reuters) - U.S. homebuilder PulteGroup Inc reported a marginal rise in quarterly revenue on Tuesday, helped by easing home prices and cheaper mortgage rates.

Net income rose to $335.8 million, or $1.22 per share, in the fourth quarter ended Dec. 31, from $237.6 million, or 84 cents per share, a year earlier. Results included a $31 million pre-tax benefit.

Total revenue rose to $3.02 billion from $2.99 billion. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Vinay Dwivedi)

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