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.
