BLOOMFIELD HILLS, Mich. (
reported a fourth-quarter loss on charges of about $925 million, but expects to achieve savings by the end of the year.
Pulte Homes reported a loss of $116.9 million, or 31 cents a share, compared with $338.2 million, or $1.33 in the prior year. Revenue from home sales (settlements) in the fourth quarter totaled $1.6 billion, compared with $1.5 billion in last year's fourth quarter.
Analysts surveyed by Thomson Reuters expected a loss of 19 cents a share on revenue of $1.5 billion.
Pulte Homes said it remains on track to capture targeted synergies and savings of $440 million on an annualized basis by the end of 2010.
-- Reported by Andrea Tse in New York
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