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Home Builder Names New Execs In 4 Areas.(B)(NYSE STOCKS IN THE NEWS)
Byline: DAVID SAITO-CHUNG
Pulte Homes soared out of a three-month base in late February and rose 22% in just seven days of trade. But the market's slump in March and April reeled the stock back below its original pivot point of 47.70. The stock is now forming a new base on top of its previous base.
The home builder chalked up $9.05 billion in revenue last year, and recent growth continues to be stunning. Earnings per share has jumped 34%, 39%, 40% and 46% in the past four quarters. Revenue has risen 16%, 29%, 23% and 31% over the same period. Improved profit margins have helped Pulte grow its earnings at a faster rate than sales. Return on equity in ...
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