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Homebuilder Pulte lowers 2006 forecast
http://www.msnbc.msn.com/id/13098435/ ^ | 6-2-06

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 ...


TOPICS: Business/Economy; Miscellaneous
KEYWORDS: construction; homebuilders; housing; pulte

1 posted on 06/02/2006 8:18:10 AM PDT by Hydroshock
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To: Hydroshock; ex-Texan

Ping


2 posted on 06/02/2006 8:18:28 AM PDT by Hydroshock ( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
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To: Hydroshock

Interesting. I wonder how Toll Brothers are doing.


3 posted on 06/02/2006 8:40:28 AM PDT by ladyjane
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To: ladyjane

I do not know, I would not surprised it it was the same.


4 posted on 06/02/2006 8:58:40 AM PDT by Hydroshock ( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
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