ARLINGTON, Texas (AP) _ D.R. Horton Inc. (DHI) on Friday reported fiscal first-quarter earnings of $287.2 million.
The Arlington, Texas-based company said it had profit of 76 cents per share.
The results missed Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The homebuilder posted revenue of $3.52 billion in the period. Its adjusted revenue was $3.5 billion, beating Street forecasts. Nineteen analysts surveyed by Zacks expected $3.47 billion.
D.R. Horton shares have increased 11 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 5 percent. The stock has dropped 26 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DHI at https://www.zacks.com/ap/DHI