ARLINGTON, Texas (AP) — ARLINGTON, Texas (AP) — D.R. Horton Inc. (DHI) on Thursday reported fiscal second-quarter profit of $1.17 billion.
On a per-share basis, the Arlington, Texas-based company said it had profit of $3.52.
The results beat Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $3.08 per share.
The homebuilder posted revenue of $9.11 billion in the period, which also beat Street forecasts. Fifteen analysts surveyed by Zacks expected $8.27 billion.
D.R. Horton expects full-year revenue in the range of $36.7 billion to $37.7 billion.
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