D.R. Horton Q1 Sales $7.73B Beat $7.60B Estimate
Portfolio Pulse from Benzinga Newsdesk
D.R. Horton (NYSE:DHI) reported Q1 sales of $7.73 billion, surpassing the analyst consensus estimate of $7.60 billion by 1.71% and marking a 6.45% increase from $7.26 billion in the same period last year.
January 23, 2024 | 11:30 am
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D.R. Horton reported higher than expected Q1 sales of $7.73 billion, a 6.45% increase year-over-year, beating estimates by 1.71%.
The positive earnings report with sales exceeding expectations is likely to instill investor confidence and could lead to a short-term uptick in D.R. Horton's stock price. The beat on sales estimates and year-over-year growth are significant factors that investors consider when assessing a company's financial health and future prospects.
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RELEVANCE 100