Homebuilding Stock Heads for Worst Day Since March 2020
DHID.R. Horton(DHI) Schaeffers Investment Research·2024-10-29 23:34

Homebuilding stock D.R. Horton Inc (NYSE:DHI) is sinking today, following the company's disappointing fiscal fourth-quarter results and full-year guidance due to demand pressure. Earnings came in at $3.92 per share, missing analyst estimates of $4.17 cents per share, while revenue of $10 billion came in just below expectations of $10.22 billion. At last glance, DHI was down 9.2% at $163.83, and headed for its largest single-day percentage drop since March 2020 -- the time of the market's infamous Covid-19 c ...