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UPDATE: D.R. Horton Posts Rise In Q4 Profit


D.R. Horton (NYSE: DHI) reported a rise in its fiscal fourth-quarter profit.

D.R. Horton's quarterly profit surged to $139.5 million, or $0.40 per share, from a year-ago profit of $100.1 million, or $0.30 per share.

Its homebuilding revenue rose 40% to $1.82 billion from $1.30 billion. However, analysts were projecting earnings of $0.40 per share on revenue of $1.82 billion.

D.R. Horton shares closed at $18.06 yesterday.


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