D.R. Horton (DHI) Stock Dips on Q1 Earnings Miss, Orders Rise
D.R. Horton(DHI) Zacks Investment Research·2024-01-23 19:16
D.R. Horton, Inc. (DHI) reported first-quarter fiscal 2024 (ended Dec 31, 2023) results, wherein earnings missed the Zacks Consensus Estimate, but revenues surpassed the same.Shares of the company plunged 6.1% in the pre-market trading session on Jan 23.On a year-over-year basis, both the top and bottom lines increased. The upside was backed by the supply of both new and existing homes as affordable price points remain limited, and robust housing demand supported by favorable demographics amid elevated infl ...