Shares of PulteGroup Inc. ran up 3.4% in premarket trade Tuesday, after the homebuilder reported first-quarter results that Susquehanna analyst Jack Micenko said beat expectations "across all metrics." Net income rose to $170.8 million, or 59 cents a share, from $91.5 million, or 28 cents a share, in the same period a year ago, and above the FactSet EPS consensus of 46 cents. Revenue rose to $1.97 billion from $1.63 billion, above the FactSet consensus of $1.83 billion, as home sales increased 21% to $1.9 billion to top expectations of $1.8 billion. Average home selling prices increased 10% to $413,000 to beat the FactSet consensus of $402,060, while deliveries growth of 9% to 4,626 were above expectations of 4,464. Micenko has a neutral rating on Pulte, with a $33 stock price target. He said new home sales data, housing starts, unemployment trends and interest rates "are all directional catalysts for the builder stocks." Pulte shares have slumped 13.3% year to date through Monday, while the SPDR S&P Homebuilders ETF has shed 10.5% and the S&P 500 has eased 0.1%.