Why D.R. Horton Stock Dropped Today
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 947.4 million, or 2.88 per share on lower revenue of $7.59 billion. Digging deepe ...