ARLINGTON, Texas (AP) _ D.R. Horton Inc. (DHI) on Monday reported fiscal first-quarter profit of $431.3 million.

The Arlington, Texas-based company said it had net income of $1.16 per share. Earnings, adjusted for pretax gains and non-recurring gains, came to 99 cents per share.

The results beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The homebuilder posted revenue of $4.02 billion in the period, also surpassing Street forecasts. Seventeen analysts surveyed by Zacks expected $3.78 billion.

D.R. Horton expects full-year revenue in the range of $18.5 billion to $19.1 billion.

D.R. Horton shares have increased 11% since the beginning of the year, while the Standard & Poor's 500 index has climbed 2%. The stock has increased 57% 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