D. R. Horton (DHI) gains as elevated property prices boost revenue
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Go back to D. R. Horton (DHI) gains as elevated property prices boost revenue
April 20, 2023 6:46 AM EDT
By Kannaki Deka
(Reuters) -D.R. Horton Inc on Thursday forecast full-year revenue above estimates after reporting better-than-expected quarterly results on the back of strong pricing power as housing demand stays strong amid tight supply, sending its shares up 7.4%.
Mortgage rates started declining in tandem with U.S. Treasury yields after the turmoil in the banking sector... More
April 20, 2023 6:32 AM EDT
D. R. Horton (NYSE: DHI) declared a quarterly dividend of $0.25 per share, or $1 annualized.
The dividend will be payable on May 10, 2023, to stockholders of record on May 3, 2023, with an ex-dividend date of May 2, 2023.
The annual yield on the dividend is 1... More
April 20, 2023 6:31 AM EDT
(Updated - April 20, 2023 6:58 AM EDT)
D. R. Horton (NYSE: DHI) reported Q2 EPS of $2.73, $0.80 better than the analyst estimate of $1.93. Revenue for the quarter came in at $8 billion versus the consensus estimate of $6.45 billion.
Home sales revenues of $7.4 billion on 19,664...
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