D.R. Horton: Fiscal Q2 Earnings Snapshot
ARLINGTON, Texas (AP) _ D.R. Horton Inc. (DHI) on Thursday reported fiscal second-quarter profit of $929.5 million.
On a per-share basis, the Arlington, Texas-based company said it had profit of $2.53.
The results topped Wall Street expectations. The average estimate of 20 analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share.
The homebuilder posted revenue of $6.45 billion in the period, which also beat Street forecasts. Fifteen analysts surveyed by Zacks expected $6.15 billion.
D.R. Horton expects full-year revenue in the range of $26.8 billion to $27.5 billion.
D.R. Horton shares have risen 35% since the beginning of the year, while the S&P’s 500 index has climbed 11%. The stock has more than doubled in the last 12 months.