Market Overview

UPDATE: D.R. Horton Posts Surge In FQ4 Profit

Related DHI
D.R. Horton CEO Donald J. Tomnitz Retires; David V. Auld Named As Successor
Homebuilders Under Pressure Following KB Home Earnings Miss
When Rate Hikes Come, They Will Ripple Across U.S. Economy (Fox Business)

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.

Posted-In: profitEarnings News

 

Related Articles (DHI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters