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Pulte Homes posts third-quarter loss



04 November 2009 @ 09:48 am ET

NEW YORK - Pulte Homes Inc on Thursday posted a third-quarter loss that disappointed analysts, warning investors that homebuilding remains a challenged industry due to broad economic weakness and rising unemployment.

Pulte, which completed its acquisition of rival Centex Corp in August, reported a loss of $1.15 per share, or $361.4 million, missing analysts' predictions of a 69 cent per share loss, according to Thomson Reuters I/B/E/S.

The company did not adjust its prior year results to reflect the merger.

(Reporting by Helen Chernikoff, Editing by Maureen Bavdek and Gerald E. McCormick)

Copyright 2009 Thomson Reuters. All rights reserved.

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