D.R. Horton profit soars as orders jump

Mon Nov 12, 2012 7:14am EST

Nov 12 (Reuters) - Top U.S. homebuilder D.R. Horton Inc quarterly profit nearly tripled as gross margins improved and net sales orders rose.

Net income rose to $100.1 million, or 30 cents per share for the fourth quarter ended Sept. 30, from $35.7 million, or 11 cents per share, a year earlier.

Homebuilding revenue climbed 21 percent to $1.30 billion. Net sales orders grew 24 percent in the quarter.