D.R. Horton Inc (DHI.N)
Thu, Apr 25 2019
D.R. Horton Inc forecast 2019 revenue below Wall Street estimates and did not provide an outlook on gross margin for the year, spooking investors who have been worried about the impact of rising costs on future profits.
* Quarterly orders of 16,805 homes beat estimates (Adds details from conf. call, CEO and analyst comments; updates shares)
April 25 D.R. Horton Inc on Thursday forecast full-year home sales, the mid-point of which was below Wall Street expectations.
D.R. Horton Inc held out hope on Friday of improved demand for its homes in the spring selling season after a tough few months where higher prices and mortgage rates kept some buyers out of the market.
* Orders rise 2.7 pct in reported quarter (Adds details from conf call, analyst comment, background; Updates share price)
Jan 25 U.S. homebuilder D.R. Horton Inc reported a 51.7 percent rise in quarterly profit on Friday, driven by increased demand for new houses as mortgage rates showed some signs of moderating from multi-year highs.