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Homebuilders, Airlines, and GM: Here’s How These Five Stocks Performed During Their Latest Quarters

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All three index futures are close to flat as Wall Street digests the latest earnings results released by major corporations. In this earnings edition of market-trenders, we take a look at the latest earnings reports released by D.R. Horton, Inc. (NYSE:DHI), PulteGroup, Inc. (NYSE:PHM), Alaska Air Group, Inc. (NYSE:ALK), General Motors Company (NYSE:GM), and Southwest Airlines Co (NYSE:LUV) and we see what the smart money thinks of each stock.

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D.R. Horton Meets Earnings Estimates

D.R. Horton, Inc. (NYSE:DHI) earned $0.66 per share on revenue of $3.12 billion for the second quarter, meeting the consensus analyst estimate with its bottom-line results, but missing by $130 million on its top-line. Despite the revenue miss, D.R. Horton’s sales rose by 9.1% year-over-year and the company’s backlog jumped by 15% to 14,670 homes as low interest rates and a strong U.S economy stoke demand. The company’s pretax profit margin also inched up by 40 basis points to 11.7% for the period. 38 funds in our database were long D.R. Horton, Inc. (NYSE:DHI) at the end of March, down by four quarter-over-quarter.

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PulteGroup Reports Strong Results

PulteGroup, Inc. (NYSE:PHM) beat both bottom and top-line estimates with its second quarter results of EPS of $0.34 on sales of $1.8 billion, pushing its shares up by over 2.5% this morning. Analysts were expecting $0.32 per share in earnings and $1.66 billion in revenue. Sales rose by 40.6% year-over-year, driven by an 11% jump in ASP and a 27% increase in deliveries. Pulte’s backlog also jumped by 21% in dollar terms to $3.7 billion. Furthermore, the company’s Board tripled the size of its share repurchase authorization, to $1.5 billion. PulteGroup intends to buy back the $1.5 billion in shares by the end of 2017. Legg Mason Capital Management owned more than 6.6 million shares of PulteGroup, Inc. (NYSE:PHM) at the end of March.

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On the next page we’ll take a look at the earnings results of Alaska Air Group, General Motors Company, and Southwest Airlines.

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