D.R. Horton: Fiscal Q4 Earnings Snapshot

ARLINGTON, Texas (AP) — ARLINGTON, Texas (AP) — D.R. Horton Inc. (DHI) on Tuesday reported fiscal fourth-quarter profit of $1.51 billion.

The Arlington, Texas-based company said it had profit of $4.45 per share.

The results surpassed Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $3.98 per share.

The homebuilder posted revenue of $10.5 billion in the period, also topping Street forecasts. Seventeen analysts surveyed by Zacks expected $10.07 billion.

For the year, the company reported profit of $4.75 billion, or $13.82 per share. Revenue was reported as $35.46 billion.

D.R. Horton expects full-year revenue in the range of $36 billion to $37 billion.


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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