ARLINGTON, Texas (AP) — ARLINGTON, Texas (AP) — D.R. Horton Inc. (DHI) on Tuesday reported fiscal first-quarter earnings of $594.8 million.
The Arlington, Texas-based company said it had profit of $2.03 per share.
The results topped Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.
The homebuilder posted revenue of $6.89 billion in the period, which also topped Street forecasts. Sixteen analysts surveyed by Zacks expected $6.69 billion.
D.R. Horton expects full-year revenue in the range of $33.5 billion to $35 billion.
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