Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian

D.R. Horton Reports Fiscal 2011 Second Quarter Results and Declares Quarterly Dividend


D.R. Horton (NYSE: DHI) today reported net income for its second fiscal quarter ended March 31, 2011 of $27.8 million, or $0.09 per diluted share, which included a non-cash tax benefit of $59.2 million. The quarterly results also included $14.3 million in pre-tax charges to cost of sales for inventory impairments and land option cost write-offs. Net income for the same quarter of fiscal 2010 was $11.4 million, or $0.04 per diluted share. Homebuilding revenue for the second quarter of fiscal 2011 totaled $733.1 million, compared to $896.8 million in the same quarter of fiscal 2010. Homes closed in the quarter totaled 3,516 homes, compared to 4,260 homes in the same quarter of fiscal 2010.

Posted-In: Earnings News Dividends


Related Articles (DHI)

View Comments and Join the Discussion!

Ruth's Hospitality Reports Q1 EPS $0.13 vs. $0.13 Est.; Revenues $98.8M vs. $98.77M Est. (RUTH)

V.F. Corp Reports EPS of $1.82 vs. $1.60 Estimate; Revenues $1.96B vs. $1.91B Estimate