ARLINGTON, Texas (AP) — ARLINGTON, Texas (AP) — D.R. Horton Inc. (DHI) on Tuesday reported fiscal fourth-quarter net income of $905.3 million.
On a per-share basis, the Arlington, Texas-based company said it had profit of $3.04.
The results did not meet Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $3.29 per share.
The homebuilder posted revenue of $9.68 billion in the period, which beat Street forecasts. Twelve analysts surveyed by Zacks expected $9.45 billion.
For the year, the company reported profit of $3.59 billion, or $11.57 per share. Revenue was reported as $34.25 billion.
D.R. Horton expects full-year revenue in the range of $33.5 billion to $35 billion.
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