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D.R. Horton: Fiscal 3Q Earnings Snapshot

July 30, 2019

ARLINGTON, Texas (AP) _ D.R. Horton Inc. (DHI) on Tuesday reported fiscal third-quarter earnings of $474.8 million.

The Arlington, Texas-based company said it had profit of $1.26 per share.

The results exceeded Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The homebuilder posted revenue of $4.91 billion in the period. Its adjusted revenue was $4.88 billion, also surpassing Street forecasts. Sixteen analysts surveyed by Zacks expected $4.51 billion.

D.R. Horton shares have increased 27% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 21%. The stock has risen slightly in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DHI at https://www.zacks.com/ap/DHI

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