D.R. Horton's homebuilding revenue rises, orders jump

July 24 Thu Jul 24, 2014 7:16am EDT

July 24 (Reuters) - D.R. Horton Inc, the No.1 U.S. homebuilder, reported a 28 percent rise in third-quarter homebuilding revenue and the company said orders rose 25 percent.

Homebuilding revenue rose to $2.10 billion in the quarter ended June 30 from $1.64 billion, a year earlier.

Net orders rose to 8,551 homes from 6,822.

However, the company's net income fell to $113.1 million, or 32 cents per share, from $146 million, or 42 cents per share, a year earlier. (Reporting by Ankit Ajmera in Bangalore; Editing by Kirti Pandey)

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