PulteGroup slips as Q3 profit falls short on weaker margins

Pultegroup

21/10/2025 15:33

** Shares of homebuilder PulteGroup PHM.N down 2.4% at $120 in morning trade

** Co says Q3 profit drops as buyer incentives, aimed at offsetting high interest rates and inflation, squeezed margins on home sales

** Co posts Q3 profit of $2.96/share, down from $3.35/share a year earlier; However, it was still ahead of analysts' estimate of $2.89/share, according to LSEG data

** PHM Q3 revenue fell 1.6% to $4.40 bln, but was ahead of analysts' estimate of $4.31 bln

** Including session moves, shares up 9.9% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))