Pulte Takes Cautious Tone

Revenue rose to $878.2 million from $755.5 million. Sales orders declined 36% to 1,870 units.

For the full year, Meritage forecast earnings of $9 to $9.50 a share and revenue of $3.4 billion to $3.5 billion. Analysts, on average, predict earnings of $9.37 a share and revenue of $3.39 billion.

M/I Homes, meanwhile, said net income slid to $15.2 million, or $1.08 a share, from $25.1 million, or $1.72 a share. Wall Street expected earnings of $1.45 a share. Revenue tumbled to $306.2 million from $332.5 million.