D.R. Horton Q3 Earnings and Revenue Beat; Announces $4B Stock Buyback

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D.R. Horton Q3 Earnings and Revenue Beat; Announces $4B Stock Buyback

Seeking Alpha07-18

D.R. Horton (NYSE:DHI) stock jumped 11.8% in Thursday morning trading after the homebuilder's fiscal Q3 revenue and earnings topped Wall Street estimates. Its FY2024 guidance was narrowed for both ...

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Horton Q3 Earnings and Revenue Beat; Announces $4B Stock Buyback\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-18 22:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4125365-d-r-horton-gaap-eps-of-4_10-beats-0_31-revenue-of-9_97b-beats-360m><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>D.R. Horton (NYSE:DHI) stock jumped 11.8% in Thursday morning trading after the homebuilder's fiscal Q3 revenue and earnings topped Wall Street estimates. Its FY2024 guidance was narrowed for both ...</p>\n\n<a href=\"https://seekingalpha.com/news/4125365-d-r-horton-gaap-eps-of-4_10-beats-0_31-revenue-of-9_97b-beats-360m\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DHI","symbol_name":"霍顿房屋","start_time":0,"source_url":"https://seekingalpha.com/news/4125365-d-r-horton-gaap-eps-of-4_10-beats-0_31-revenue-of-9_97b-beats-360m","article_id":"1127236122","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1127236122","pubTimestamp":1721313300,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"D.R. Horton (NYSE:DHI) stock jumped 11.8% in Thursday morning trading after the homebuilder's fiscal Q3 revenue and earnings topped Wall Street estimates. 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Cash flow from homebuilding operations is still expected to be ~$3.0B.\"Although inflation and mortgage interest rates remain elevated, the supply of both new and existing homes at affordable price points is still limited, and demographics supporting housing demand continue to be favorable,\" said Executive Chairman David Auld.Fiscal Q3 EPS of $4.10, beating the $3.79 consensus, increased from $3.52 in the previous quarter and $3.90 a year ago. Revenue for the quarter ended June 30, 2024, was $9.97B, topping the $9.61B consensus and rising from $9.11B in Q2 and $9.73B in Q3 2023.Q3 homebuilding net sales orders rose to 23,001 homes with a value of $8.7B, compared with 22,879 with a value of $8.7B in the same period a year ago.Its cancellation rate of 18% vs. 15% in Q2 and 18% in Q3 2023.D.R. Horton's (DHI) homebuilding operations closed on the sale of 24,155 homes in fiscal Q3 2024 vs. 22,548 in Q2 and 22,985 in Q3 2023.Rental operations generated $64.2M of pretax income on revenue of $413.7M, compared with $162.1M of pretax income on $667.1M of revenue in the year-ago period.The company had 42,600 homes in inventory at June 30, 2024, of which 26,200 were unsold. That compares with 45,000 homes in inventory, of which 27,600 were unsold, at March 31.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}