From Nasdaq, Inc.:

Shares of D.R. Horton (NYSE: DHI) fell 9.2% on Tuesday after the country’s largest homebuilder announced mixed quarterly results relative to expectations. Revenue grew 6.5% year over year to $7.73 billion, with net income of $947.4 million, slightly below analysts’ predicted $2.88 per share. Despite increased home closings, lower prices resulted in an 8% increase in home value. Looking forward, D.R. Horton aims for full-year revenue of $36 billion to $37.3 billion and 87,000 to 90,000 homes closed by its homebuilding operations. Although it was a strong quarter, the stock fell as investors processed the numbers and future outlook.

*The author of this article has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. See the 10 best stocks for investors to buy now… and D.R. Horton wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
*Stock Advisor has more than tripled the return of S&P 500 since 2002*.



Read more: Why D.R. Horton Stock Dropped Today