D. R. Horton (DHI) Tops Q1 EPS by 7c

D. R. Horton (NYSE: DHI) reported Q1 EPS of $0.55, $0.07 better than the analyst estimate of $0.48. Revenue for the quarter came in at $2.83 billion versus the consensus estimate of $2.69 billion.

• Net income increased 31% to $206.9 million, or $0.55 per diluted share
• Consolidated pre-tax income increased 32% to $318.1 million
• Consolidated pre-tax profit margin improved 100 basis points to 11.0%
• Net sales orders increased 17% in value to $2.8 billion and 15% in homes to 9,241
• Homes closed increased 20% in value to $2.8 billion and 17% in homes to 9,404

For earnings history and earnings-related data on D. R. Horton (DHI) click here.

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