Pulte Homes Inc. (PHM) Reports $116.9 Million Loss
By Daniel James Hayden IV
February 09, 2010 8:23 AM
February 09, 2010 8:23 AM
Pulte Homes Inc. (NYSE: PHM) reported on early Tuesday a 4th quarter loss of $116.9 million, or 31 cents per share, compared to a net loss of $338.2 million, or $1.33 per share, for the same quarter a year ago.
Revenue rose from $1.64 billion a year ago to $1.73 billion in the latest quarter.
Pulte Homes Inc. said that the 4th quarter loss included goodwill impairment charges of $563 million and land related charges of $280 million.
The charges were partially offset by $800 million in tax benefits.
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