D.R. Horton Stock Tumbles as Q4 Results, 2025 Outlook Disappoint

Core Insights - D.R. Horton shares fell 12% following disappointing fourth-quarter results and a weak outlook for fiscal 2025 [1][2][4] Financial Performance - For the fourth quarter of fiscal 2024, D.R. Horton reported revenue of $10.00 billion, a decrease from $10.50 billion year-over-year and below the consensus estimate of $10.22 billion [2][3] - The company reported net income of $1.28 billion, down from $1.51 billion, and below the expected $1.37 billion [3] Future Outlook - D.R. Horton projected fiscal 2025 revenue between $36 billion and $37.5 billion, significantly lower than the $39.39 billion expectation from analysts [3] - Executive chairman David Auld noted that potential homebuyers are holding out for lower mortgage rates, impacting sales [4]