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.
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