D. R. Horton (DHI) Declares $0.15 Quarterly Dividend; 1.3% Yield
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April 25, 2019 6:19 AM EDT
By Sanjana Shivdas
(Reuters) - 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.
Shares of the No.1 U.S. homebuilder fell about 5 percent in morning trade, dragging those of rivals such as Lennar Corp and PulteGroup Inc lower.
Housing market fundamentals have been strengthening due to lower mortgage rates, but Horton's effort to make its homes more affordable is coming at a cost amid widespread land... More
April 25, 2019 6:01 AM EDT
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... More
April 23, 2019 10:00 AM EDT
New Home Sales (Mar) 692K vs 649K Expected
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