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Stock impact report

D.R. Horton tops profit and revenue expectations [MarketWatch]

D.R. Horton, Inc. (DHI) 
Last d.r. horton, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.drhorton.com
Company Research Source: MarketWatch
D.R. Horton tops profit and revenue expectations D.R. Horton Inc. DHI, -1.12% reported Tuesday a fiscal third-quarter profit and revenue that beat expectations, while sales orders came up short. The stock edged up 0.5% in premarket trading. Net income rose to $474.8 million, or $1.26 a share, from $453.7 million, or 1.18 a share, in the same period a year ago. The FactSet consensus for earnings per share was $1.06. Revenue rose to $4.91 billion from $4.44 billion a year ago, to beat the FactSet consensus of $4.48 billion. Net sales orders increased 6% to 15,588 homes, missing the FactSet consensus of 15,724, while the value of orders grew 8% to $4.7 billion to match expectations. The stock has soared 27.0% year to date through Monday, while the SPDR S&P Homebuilders ETF XHB, -1.06% has climbed 26.8% and the S&P 500 SPX, -0.16% has advanced 20.5%. Show less Read more
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