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For 4Q15, $PHM's net new orders rose 13% to 3,659 homes, helped by a 9% gain in absorption pace vs. orders of 3,232 homes in 4Q14. The dollar value of the orders jumped 24% over the prior year to $1.4Bil. The company ended full-year 2015 with 620 active communities, an increase of 4% vs. full-year 2014.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.