"D.R. Horton Stock Slides on Mixed Q1 Results and Profit Miss"
TL;DR Summary
D.R. Horton's stock fell after reporting mixed Q1 results, with earnings of $2.82 per share falling short of estimates while revenue of $7.7 billion exceeded Wall Street expectations. The homebuilder raised the upper end of its 2024 revenue outlook, but concerns about higher mortgage rates impacting the housing market and a decrease in net income and backlog of homes under contract contributed to the stock's decline.
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- D.R. Horton Stock Slumps As Earnings Narrowly Miss, Costs Rise Investor's Business Daily
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