July 28, 2020 / 10:42 AM / 16 days ago

D.R. Horton quarterly revenue rises 10% on home sales bounce

July 28 (Reuters) - No.1 U.S. homebuilder D.R. Horton Inc on Tuesday reported an about 10% rise in quarterly revenue, as record-low mortgage rates and a shift towards suburban living sparked by the coronavirus crisis helped boost sales.

Net income attributable to D.R. Horton rose about 33% to $630.7 million, or $1.72 per share, in the third quarter ended June 30, due to a $38.1 million income tax benefit.

Total revenue rose to $5.39 billion, from $4.91 billion. (Reporting by Ankit Ajmera in Bengaluru; Editing by Ramakrishnan M.)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below