DR Horton Inc. (DHI) reported first-quarter net income of $192 million or $0.56 per share compared a net loss of $62.6 million or $0.20 per share last year.
On average, 18 analysts polled by Thomson Reuters expected the company to report a loss of $0.14 per share for the quarter. Analysts' estimates typically exclude special items.
Homebuilding revenue increased to $1.1 billion from $900.3 million last year. Analysts expected revenue of $960.15 million for the quarter.
The company also has declared a quarterly cash dividend of $0.0375 per share. The dividend is payable on February 25, 2010 to stockholders of record on February 16, 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.