PulteGroup (PHM) reported Q1 earnings Tuesday of $2.57 per diluted share, down from $3.10 a year earlier.

Analysts polled by FactSet expected $2.43.

Revenue for the quarter ended March 31 was $3.89 billion, down from $3.95 billion a year earlier.

Analysts surveyed by FactSet expected $3.82 billion.

The company's shares were up 2% in recent premarket activity.