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Shares of D.R. Horton sank by 9% Tuesday after the homebuilder reported weaker-than-expected quarterly orders and posted first quarter earnings per share that missed analyst estimates.
D.R. Horton said its purchase contracts slipped 5% to 23,142 homes, beating estimates for 19,618 homes. Meanwhile, contracts canceled for the three months ending March reached 18%, up from 16% ...
D.R. Horton started 21,100 homes in the September quarter, down 8% from the June quarter. As a result, the homebuilder ended the year with 42,000 homes in inventory, down 9% from a year ago.
D.R. Horton, Inc. is an American home construction company based in Arlington, Texas. Since 2002, the company has been the largest homebuilder by volume in the United States. [2] [3] [4] The company ranked number 194 on the 2019 Fortune 500 list of the largest United States corporations by revenue. [5] The company operates in 90 markets in 29 ...
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DR Horton (NYS: DHI) reported earnings on Nov. 12. Here are the numbers you need to know. The 10-second takeaway For the quarter ended Sep. 30 (Q4), DR Horton missed estimates on revenues and met ...
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D.R. Horton (DHI) rides on accretive acquisitions and robust backlog. However, margin woes persist.