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D.R. Horton up in premarket after Q3 earnings beat despite weak outlook
['Navamya Acharya', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
The company reported diluted earnings per share of $3.20 for the quarter ended June 30, beating the analyst consensus of $2.97 by $0.23.
Horton fell 12% to $904.9 million, and diluted earnings per share declined 5% to $3.20 against the prior-year quarter.
Horton updated its full-year revenue guidance to $32.5 billion to $33 billion, below the consensus estimate of $33.81 billion.
For the nine months ended June 30, net income fell 20% to $2.1 billion and diluted earnings per share fell 13% to $7.45 on revenues of $23.7 billion.
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