Fort Worth, Texas-based home builder DR Horton said strong sales and a spike in orders in the first three months of the year resulted in earnings of $11.4m and its second consecutive profitable quarter. “It’s all about sales,” Donald Tomnitz, Horton’s president and CEO, told Wall Street analysts in a conference call Friday. “We are outselling and outperforming the industry. Our financial performance represented progress in this challenging” market. The company reported that in its fiscal second quarter, which ended March 31, it earned $11.4m, or $0.04 a share.
DR Horton posts $11.4m profit in Q2
Most Popular Articles
Latest Articles
Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit
Ginnie Mae admits only to core facts of the case, denying all allegations, “inferences, arguments, and legal conclusions” in the complaint.