D.R. Horton shares are trading higher after the company reported better-than-expected Q3 financial results and revised its FY24 guidance. Also, the company authorized a new $4 billion share repurchase.
Portfolio Pulse from Benzinga Newsdesk
D.R. Horton shares are trading higher following the release of better-than-expected Q3 financial results and an upward revision of its FY24 guidance. Additionally, the company has authorized a new $4 billion share repurchase program.
July 18, 2024 | 1:13 pm
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D.R. Horton reported better-than-expected Q3 financial results, revised its FY24 guidance upwards, and authorized a new $4 billion share repurchase program, leading to a rise in its stock price.
The combination of better-than-expected Q3 results, an upward revision in FY24 guidance, and a significant share repurchase program is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100