FX.co ★ D R Horton Inc. Profit Rises In Q3, Beats Estimates

D.R. Horton Inc. (DHI) has announced an impressive increase in its third-quarter earnings, surpassing analysts' expectations.

The company reported a net income of $1.353 billion, or $4.10 per share, compared to $1.335 billion, or $3.90 per share, in the same quarter last year. Analysts, based on data from Thomson Reuters, had projected an average earnings per share (EPS) of $3.77, excluding special items.

Revenue for the quarter rose by 2.5%, reaching $9.965 billion, up from $9.725 billion in the previous year.

Key Financial Highlights for D.R. Horton Inc. (GAAP, Q3):

- Net Income: $1.353 billion, up from $1.335 billion last year

- EPS: $4.10, an increase from $3.90 last year

- Revenue: $9.965 billion, compared to $9.725 billion a year earlier

Guidance:

- Full-year revenue is projected to be between $36.8 billion and $37.2 billion.