DR Horton reported third quarter earnings that exceeded analysts' expectations, despite revenue missing estimates.
The homebuilding company’s earnings came in at $4.67 per share, compared to analysts’ expectations of $4.5 (per Investing.com poll).
Revenue of $8.79 billion fell short of analysts’ expectations of $8.81 billion.
The company now expects full-year revenue in the range of $33.8 billion to $34.6 billion, lower than the prior guidance of $35.3 billion to $36.1 billion.