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D.R. Horton: Fiscal 2Q Earnings Snapshot

ARLINGTON, Texas (AP) _ D.R. Horton Inc. (DHI) on Thursday reported fiscal second-quarter profit of $351.3 million.

The Arlington, Texas-based company said it had profit of 93 cents per share.

The results surpassed Wall Street expectations. The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.

The homebuilder posted revenue of $4.13 billion in the period. Its adjusted revenue was $4.1 billion, also surpassing Street forecasts. Eighteen analysts surveyed by Zacks expected $4.03 billion.

D.R. Horton shares have climbed 35 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 17 percent. The stock has risen nearly 7 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