D.R. Horton Stock Plunges on Q4 Earnings & Revenue Miss

D.R. Horton, Inc. (DHI) reported fourth-quarter fiscal 2024 (ended Sept. 30, 2024) results, with earnings and revenues missing Zacks Consensus Estimate and decreasing on a year-over-year basis. Shares of this Arlington, TX-based homebuilder lost 11.7% following the earnings release on Oct. 29. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. D.R. Horton's quarterly performance fell short of expectations primarily due to a combination of high mortgage rates and buyer hesitancy. Altho ...