ARLINGTON, Texas (AP) — ARLINGTON, Texas (AP) — D.R. Horton Inc. (DHI) on Tuesday reported fiscal second-quarter net income of $647.9 million.
On a per-share basis, the Arlington, Texas-based company said it had profit of $2.24.
The results exceeded Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.
The homebuilder posted revenue of $7.56 billion in the period, missing Street forecasts. Fourteen analysts surveyed by Zacks expected $7.66 billion.
D.R. Horton expects full-year revenue in the range of $33.5 billion to $34.5 billion.
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