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Stock impact report

Why D.R. Horton Stock Just Popped 12% [The Motley Fool]

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: The Motley Fool
Rich Smith(TMFDitty)Author BioFollow @@RichSmithFoolWhat happenedShares of "America's largest homebuilder"D.R. HortonNYSE:DHID.R. Horton reported its fiscal second-quarter 00 earnings this morning. Instead of the $. per share on sales of $. billion that Wall Street had predicted it would report, it said it earned $.0 per share on sales of $. billion.Image source: Getty Images.So whatQuarterly sales grew 9% year over year for the homebuilder, and earnings were up 0%. During the quarter, Horton closed on sales of 8% more homes than a year ago, and in terms of the value of those sales, growth was 0%.What's more, it looks like the good times might keep rolling for Horton. TheCOVID-9 crisisBacklog at the company now stands at 9,8 homes under contract, up % year over year, and the value of those backlogged orders is $.9 billion -- up 8%.Now whatLooking ahead to the rest of the year, D.R. Horton chairman Donald R. Horton admitted that "we began to see the impact of the pandemic on our operat Show less Read more
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