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ARLINGTON, Texas (AP) — ARLINGTON, Texas (AP) — D.R. Horton Inc. (DHI) on Thursday reported fiscal third-quarter earnings of $1.34 billion.
The Arlington, Texas-based company said it had net income of $3.90 per share.
The results topped Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $2.82 per share.
The homebuilder posted revenue of $9.73 billion in the period, also surpassing Street forecasts. Sixteen analysts surveyed by Zacks expected $8.35 billion.
D.R. Horton expects full-year revenue in the range of $34.7 billion to $35.1 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a DHI">Zacks stock report on DHI at https://www.zacks.com/ap/DHI