July 23, 2019 / 1:12 PM / 4 months ago

Pulte forecasts 2019 home sales below estimates

July 23 (Reuters) - U.S. homebuilder PulteGroup Inc on Tuesday forecast full-year home sales below the average analyst estimate.

The company said it expected to sell 22,300 to 22,800 homes this year, on a conference call.

Analysts were expecting 22,764 home sales this year, according to Refinitiv data.

The company's shares reversed course and were down 2.3% to $32.7 in premarket trading. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli)

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