ARLINGTON, Texas (AP) _ D.R. Horton Inc. (DHI) on Tuesday reported fiscal first-quarter profit of $958.7 million.

The Arlington, Texas-based company said it had profit of $2.76 per share.

The results exceeded Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share.

The homebuilder posted revenue of $7.26 billion in the period, which also topped Street forecasts. Seventeen analysts surveyed by Zacks expected $6.5 billion.

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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