ARLINGTON, Texas (AP) — ARLINGTON, Texas (AP) — D.R. Horton Inc. (DHI) on Tuesday reported fiscal third-quarter net income of $1.02 billion.
The Arlington, Texas-based company said it had net income of $3.36 per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.90 per share.
The homebuilder posted revenue of $9.23 billion in the period, which also topped Street forecasts. Fourteen analysts surveyed by Zacks expected $8.78 billion.
D.R. Horton expects full-year revenue in the range of $33.7 billion to $34.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DHI at https://www.zacks.com/ap/DHI
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