PulteGroup profit falls 27 pct as it sells fewer homes

April 23, 2015 12:37 PM

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April 23 (Reuters) - PulteGroup Inc reported a surprise 27 percent fall in quarterly profit as it sold fewer homes due to construction delays, sending its shares down 8 percent in premarket trading.

PulteGroup's sales fell 2 percent to 3,365 homes in the first quarter ended March 31, while average selling price rose at the slowest rate in more than three years.

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