Market Overview

UPDATE: D.R. Horton Posts Better-Than-Expected FQ1 Profit

Share:
Related DHI
Keefe, Bruyette & Woods Raise Earnings Estimates For These 8 Financial Stocks
JMP Securities Not-So-Bullish On Residential Construction, Weighs In On DR Horton, NVR After Strong Earnings
Homebuilder Stocks: Who's Winning In Earnings Season? (Investor's Business Daily)

D.R. Horton (NYSE: DHI) reported a rise in its fiscal first-quarter net income.

D.R. Horton's quarterly profit surged to $66.3 million, or $0.20 per share, versus $27.7 million, or $0.09 per share, in the year-ago period. However, analysts were expecting earnings of $0.14 per share.

D.R. Horton also posted upbeat quarterly revenue. Its home-building revenue came in $1.2 billion in the quarter, while financial-services revenue came in at $41.9 million.

D.R. Horton shares gained 2.44% to $21.83 in pre-market trading.

Posted-In: profitEarnings News

 

Related Articles (DHI)

Around the Web, We're Loving...

Get Benzinga's Newsletters