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PulteGroup reports profit for fourth quarter



PORTLAND, OR , Feb. 3, 2012 (RISI) - PulteGroup, Inc. reported net income for the fourth quarter of $14 million, or $0.04 per share. In the prior year fourth quarter, PulteGroup reported a net loss of $165 million, or $0.44 per share, inclusive of $196 million, or $0.52 per share, in land-related charges, costs associated with organizational restructurings, debt repurchases and other financing amendments completed in the period, partially offset by $25 million, or $0.07 per share, of income tax benefits.

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