ARLINGTON, Texas (AP) _ D.R. Horton Inc. (DHI) on Tuesday reported fiscal fourth-quarter profit of $829 million.

On a per-share basis, the Arlington, Texas-based company said it had net income of $2.24.

The results surpassed Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.

The homebuilder posted revenue of $6.4 billion in the period, also exceeding Street forecasts. Seventeen analysts surveyed by Zacks expected $5.88 billion.

For the year, the company reported profit of $2.37 billion, or $6.41 per share. Revenue was reported as $20.31 billion.

D.R. Horton expects full-year revenue in the range of $24 billion to $25 billion.

D.R. Horton shares have risen 23% since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 10%. The stock has risen 27% 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

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