Market Shrugs Off D.R. Horton’s Upbeat Q2, Frets About Guidance

D. R. Horton (DHI) is lower Thursday following despite a better-than-expected second-quarter earnings report, as investors fret about a slowdown.

The  homebuilder said it earned 60 cents a share on revenue that rose 17.5% to $3.25 billion. Analysts were looking for earnings of 59 cents a share on revenue of $3.1 billion. It also raised its guidance for the full year, saying it expects revenues between $13.6 billion to $14 billion, compared to the $13.84 billion consensus estimate.
Source: Barrons

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