ARLINGTON, Texas (AP) _ D.R. Horton Inc. (DHI) on Wednesday reported fiscal fourth-quarter earnings of $1.63 billion.
On a per-share basis, the Arlington, Texas-based company said it had profit of $4.67.
The results did not meet Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $5.06 per share.
The homebuilder posted revenue of $9.64 billion in the period, also missing Street forecasts. Fifteen analysts surveyed by Zacks expected $10.04 billion.
For the year, the company reported profit of $5.86 billion, or $16.51 per share. Revenue was reported as $33.48 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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