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July 30, 2019, 7:57 a.m. EDT

D.R. Horton stock falls after earnings top expectations but orders comes up short

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By Tomi Kilgore

Shares of D.R. Horton Inc. /zigman2/quotes/202032328/composite DHI +0.90% fell 1.8% in premarket trading Tuesday, after the home builder reported a fiscal third-quarter profit and revenue that beat expectations, but sales orders came up short. Net income rose to $474.8 million, or $1.26 a share, from $453.7 million, or 1.18 a share, in the same period a year ago. The FactSet consensus for earnings per share was $1.06. Revenue rose to $4.91 billion from $4.44 billion a year ago, to beat the FactSet consensus of $4.48 billion. Net sales orders increased 6% to 15,588 homes, missing the FactSet consensus of 15,724, while the value of orders grew 8% to $4.7 billion to match expectations. The stock has soared 27.0% year to date through Monday, while the SPDR S&P Homebuilders ETF /zigman2/quotes/202739297/composite XHB +0.35% has climbed 26.8% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.39% has advanced 20.5%.

/zigman2/quotes/202032328/composite
US : U.S.: NYSE
$ 53.97
+0.48 +0.90%
Volume: 3.55M
Oct. 18, 2019 6:30p
P/E Ratio
12.96
Dividend Yield
1.11%
Market Cap
$20.31 billion
Rev. per Employee
$1.93M
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/zigman2/quotes/202739297/composite
US : U.S.: NYSE Arca
$ 45.42
+0.16 +0.35%
Volume: 1.47M
Oct. 18, 2019 8:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
2,986.20
-11.75 -0.39%
Volume: 1.99B
Oct. 18, 2019 5:08p
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