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D.R. Horton quarterly profit nearly doubles as sales rise

April 22 (Reuters) - D.R. Horton Inc quarterly profit nearly doubled on Thursday, as strong housing demand and low mortgage rates boosted the top U.S. homebuilder’s sales.

The company’s profit was hit last year due to the COVID-19 pandemic.

Net income attributable to the company rose to $929.5 million, or $2.53 per share, in the second quarter ended March 31, from $482.7 million, or $1.30 per share, a year earlier.

Reporting by Shreyasee Raj and Ankit Ajmera in Bengaluru; Editing by Vinay Dwivedi

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