April 26, 2013 / 11:06 AM / 4 years ago

D.R. Horton profit jumps 173 pct, orders up 34 pct

1 Min Read

April 26 (Reuters) - D.R. Horton Inc, the No.1 U.S. home builder, reported a 173 percent jump in quarterly profit and said orders for future sales rose 34 percent.

Net income rose to $111.0 million, or 32 cents per share, in the second quarter from $40.6 million, or 13 cents per share, a year earlier.

Revenue rose 49 percent to $1.39 billion.

D.R. Horton has benefited from a recovering U.S. housing market that led to a short supply of new homes available for sale.

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