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D R Horton Inc. Q2 Income Climbs

D R Horton Inc. (DHI) announced a profit for its second quarter that advanced from the same period last year.

The company's earnings totaled $351.0 million, or $0.91 per share. This compares with $229.2 million, or $0.60 per share, in last year's second quarter.

Analysts had expected the company to earn $0.85 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.6% to $3.79 billion from $3.25 billion last year.

D R Horton Inc. earnings at a glance:

-Earnings (Q2): $351.0 Mln. vs. $229.2 Mln. last year.
-EPS (Q2): $0.91 vs. $0.60 last year.
-Analysts Estimate: $0.85
-Revenue (Q2): $3.79 Bln vs. $3.25 Bln last year.

by RTTNews Staff Writer

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