July 23, 2019 / 10:41 AM / 4 months ago

Homebuilder Pulte's profit falls 26%

July 23 (Reuters) - PulteGroup Inc on Tuesday posted a 26% fall in second-quarter profit on lower home sales, as the U.S. homebuilder’s higher prices kept buyers out of the market.

Net income fell to $241.0 million, or 86 cents per share, in the quarter ended June 30, from $324.1 million, or $1.12 per share, a year earlier.

Total revenue fell 3% to $2.49 billion. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber)

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