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D R Horton Q2 Results Up, Top Estimates - Quick Facts

Homebuilder D R Horton Inc. (DHI) reported Thursday that its second-quarter net income attributable was $351.3 million or $0.93 per share, compared to $351.0 million or $0.91 per share a year ago.

Revenues went up to $4.13 billion from last year's $3.79 billion.

On average, analysts polled by Thomson Reuters expected earnings of $0.86 per share for the quarter on revenues of $4.06 billion. Analysts' estimates typically exclude special items.

Homebuilding revenue for the second quarter increased 8 percent to $4.0 billion from $3.7 billion last year.

Homes closed in the quarter increased 10 percent to 13,480 homes from 12,281 homes closed a year ago.

Net sales orders grew 6 percent to 16,805 homes and 4 percent in value to $4.9 billion.

Subsequent to quarter-end, the company declared a quarterly cash dividend of $0.15 per share, payable on May 28, to stockholders of record on May 13.

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