UPDATE: D.R. Horton Posts Surge In FQ4 Profit
D.R. Horton (NYSE: DHI) reported a rise in its fiscal fourth-quarter profit.
D.R. Horton's quarterly profit surged to $100.1 million, or $0.30 per share, from $35.7 million, or $0.11 per share, in the year-ago period.
Its home-building revenue rose 21% to $1.3 billion. However, analysts were expecting earnings of $0.28 per share on revenue of $1.35 billion.
D.R. Horton's orders surged 24% to 5,276 homes.
D.R. Horton shares closed at $20.60 on Friday.
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