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Why D.R. Horton Stock Dropped Today
DHID.R. Horton(DHI) The Motley Fool·2024-01-24 06:29

Shares of D.R. Horton (DHI -9.24%) fell 9.2% on Tuesday after the country's largest homebuilder announced mixed quarterly results relative to expectations.Falling home prices put a dent in D.R. Horton's profitsFor its fiscal first quarter of 2024 ended Dec. 31, 2023, revenue grew 6.5% year over year to 7.73billion,translatingtonetincomeof7.73 billion, translating to net income of 947.4 million, or 2.82pershare.Analysts,onaverage,weremodelingslightlyhigherearningsof2.82 per share. Analysts, on average, were modeling slightly higher earnings of 2.88 per share on lower revenue of $7.59 billion. Digging deepe ...