ARLINGTON, Texas (AP) _ D.R. Horton Inc. (DHI) on Tuesday reported fiscal third-quarter net income of $630.7 million.

On a per-share basis, the Arlington, Texas-based company said it had net income of $1.72.

The results surpassed Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.

The homebuilder posted revenue of $5.39 billion in the period, which also beat Street forecasts. Fifteen analysts surveyed by Zacks expected $5.03 billion.

D.R. Horton shares have risen 26% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has climbed 50% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DHI at https://www.zacks.com/ap/DHI

Automated Insights, source Associated Press News