D.R. Horton Soars After Earnings Beat Despite Macroeconomic Challenges
D.R. Horton(DHI) Investopedia·2024-07-19 00:21
Key TakeawaysD.R. Horton beat analysts' expectations on earnings per share (EPS), revenue, and homes closed in its fiscal third quarter.The company narrowed its full-year revenue guidance but raised its homes closed estimate slightly.Executive chair David Auld said that "inflation and mortgage interest rates remain elevated." D.R. Horton (DHI) shares surged in intraday trading Thursday after the company topped third-quarter expectations on the top and bottom lines. The Arlington, Texas-based company reporte ...