Posted on 06/02/2006 8:18:09 AM PDT by Hydroshock
Cites April, May orders that were 29 percent off same period last year
DETROIT - Pulte Homes Inc., one of the nation's biggest homebuilders, on Friday cut its full-year financial forecast, citing a sharp drop in orders in April and May compared with a year ago.
Bloomfield Hills-based Pulte projected earnings between 85 cents and 95 cents for the current second quarter, and from $4.70 to $5 per share for the full year. In April, the company had forecast 2006 earnings between $6 and $6.25 per share.
(Excerpt) Read more at msnbc.msn.com ...
Ping
Interesting. I wonder how Toll Brothers are doing.
I do not know, I would not surprised it it was the same.
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