D R Horton Inc. (DHI) announced a profit for first quarter that Dropped, from last year but beat the Street estimates.
The company's earnings totaled $594.8 million, or $2.03 per share. This compares with $844.9 million, or $2.61 per share, last year.
Analysts on average had expected the company to earn $1.92 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 9.5% to $6.886 billion from $7.613 billion last year.
D R Horton Inc. earnings at a glance (GAAP) :
-Earnings: $594.8 Mln. vs. $844.9 Mln. last year.-EPS: $2.03 vs. $2.61 last year.-Revenue: $6.886 Bln vs. $7.613 Bln last year.
D R Horton will pay a quarterly cash dividend of $0.45 per share on February 12 to stockholders of record as of February 5.
Looking ahead, for the full year, the company has reaffirmed its revenue guidance of $33.5 billion to $35 billion, in line with analysts’ forecast of $34.26 billion.
D R Horton still expects to repurchase around $2.5 billion of shares in fiscal 2026. The company continues to project to pay dividend payments of $500 million for the year.
DHI was up by 2.16% at $159.23 in the pre-market trade on the New York Stock Exchange.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.