D.R. Horton posted mixed first quarter results, with earnings of $2.82 per share falling short of estimates. However, revenue of $7.7 billion topped Wall Street expectations. The homebuilder also raised the upper end of its 2024 revenue outlook. Yahoo Finance's Seana Smith and Brad Smith discuss the results. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich
D.R. Horton posted mixed first quarter results, with earnings of $2.82 per share falling short of estimates. However, revenue of $7.7 billion topped Wall Street expectations. The homebuilder also raised the upper end of its 2024 revenue outlook. Yahoo Finance's Seana Smith and Brad Smith discuss the results.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Stephanie Mikulich
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Barrons.com
D.R. Horton stock is down 6.5% in premarket trading after the nation’s largest home builder reported mixed quarterly results, with earnings short of Wall Street’s forecasts but revenue ahead of expectations. D.R. Horton on Tuesday reported earnings of $2.82 a share on revenue of $7.73 billion in its 2024 fiscal first quarter ended Dec. 31. “Although inflation and mortgage interest rates remain elevated, our net sales orders increased 35% from the prior year quarter, as the supply of both new and existing homes at affordable price points remains limited, and demographics supporting housing demand remain favorable,” company chairman Donald R. Horton said in a statement.
The Wall Street Journal
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