D. R. Horton (NYSE: DHI) reported Q2 EPS of $0.93, $0.07 better than the analyst estimate of $0.86. Revenue for the quarter came in at $4.13 billion versus the consensus estimate of $4.06 billion.

“Our continued strategic focus is to consolidate market share while growing our revenues and profits, generating strong annual cash flows and returns and maintaining a flexible financial position. With 32,100 homes in inventory at the end of March and 316,400 lots owned and controlled, we are well-positioned for the remainder of fiscal 2019 and future years.”

Guidance

Based on current market conditions and the Company’s results for the first half of fiscal 2019, D.R. Horton is providing fiscal 2019 guidance as follows:

• Consolidated revenues between $16.7 billion and $17.0 billion
• Homes closed in the range of 55,000 homes to 56,000 homes
• Effective tax rate of approximately 24.5%
• Homebuilding cash flow from operations of at least $1.0 billion
• Outstanding share count at September 30, 2019 down slightly from September 30, 2018

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