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D.R. Horton: Fiscal 4Q Earnings Snapshot

November 12, 2019

ARLINGTON, Texas (AP) _ D.R. Horton Inc. (DHI) on Tuesday reported fiscal fourth-quarter earnings of $505.3 million.

The Arlington, Texas-based company said it had net income of $1.35 per share.

The results exceeded Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

The homebuilder posted revenue of $5.04 billion in the period. Its adjusted revenue was $4.98 billion, also exceeding Street forecasts. Eighteen analysts surveyed by Zacks expected $4.84 billion.

For the year, the company reported profit of $1.62 billion, or $4.29 per share. Revenue was reported as $17.46 billion.

D.R. Horton shares have risen 52% since the beginning of the year, while the Standard & Poor’s 500 index has risen 23%. The stock has increased 53% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DHI at https://www.zacks.com/ap/DHI