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ARLINGTON, Texas (AP) — ARLINGTON, Texas (AP) — D.R. Horton Inc. (DHI) on Tuesday reported fiscal first-quarter net income of $947.4 million.
The Arlington, Texas-based company said it had profit of $2.82 per share.
The results missed Wall Street expectations. The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of $2.88 per share.
The homebuilder posted revenue of $7.73 billion in the period, topping Street forecasts. Seventeen analysts surveyed by Zacks expected $7.62 billion.
D.R. Horton expects full-year revenue in the range of $36 billion to $37.3 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