Homebuilder D.R. Horton Inc. (DHI) reported a surge in second-quarter net income to $111.0 million, or $0.32 per share, from $40.6 million, or $0.13 per share, a year back. On average, 20 analysts polled by Thomson Reuters expected earnings per share of $0.19 for the quarter. Analysts' estimates typically exclude one-time items.
Pre-tax income stood at $142.1 million this quarter, compared with $42.3 million last year.
During the quarter, homebuilding revenue grew 49% to $1.4 billion, from $0.9 billion in the same quarter of 2012. Analysts estimated revenues of $1.26 billion for the quarter. Homes closed in the quarter went up 33% year-on-year to 5,643, with quarterly net sales orders rising 34% to 7,879 homes, from 5,899 homes in the year-ago quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.