This Bargain-Priced Homebuilder Stock Just Raised Its Guidance. Is It a Buy Now?
On the bottom line, net income jumped 24% to $1.2 billion, giving the company a profit margin of 13.2% in a seasonally slow quarter. On a per-share basis, D.R. Horton reported earnings of $3.52, up 29% from the quarter a year ago as it benefited from share buybacks. That figure also easily topped estimates at $3.06.