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Detroit Adult Entertainment: Earnings Preview: Pulte Homes to post 3Q results

BY THE NUMBERS: Analysts polled by Thomson Reuters predict a loss of 64 cents per share on revenue of $1.17 billion for the quarter. In the third quarter of last year, Pulte posted a loss of $1.11 per share.
ANALYST TAKE: Fox-Pitt Kelton analyst Robert Stevenson said he expects Pulte’s new home orders will show some weakness as fewer buyers looked to take advantage of the tax credit toward the end of the quarter.
“For most of the other (builders), that started weakening around September when they couldn’t really market properties using the $8,000 tax credit on anything other than finished inventory,” Stevenson said.
“My guess is this quarter was not a particularly great quarter for the Del Webb active adult business either,” he added. “So it will be interesting to see where the sales came from and what wound up happening with pricing during the quarter.”

See the full article from “MSN Money”