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We have actually identified you are on Internet Explorer. For the very best experience, please update to a modern-day web browser. Updated July 22, 2021 11:32 am ET/ Initial July 22, 2021 9:13 am ET Order Reprints Print Article Text size Coming into Thursday, D.R. Horton shares were up about 33% year to date.


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Housing giant Horton (ticker: DHI) reported better-than-expected financial third-quarter numbers. While the results and company outlook were positive, investors responded with caution. The company posted per-share earnings of $3. 06 on $7. 3 billion in sales. Wall Street was looking for $2. 80 in per-share earnings on $7. 2 billion in sales.


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" The D.R. Horton group delivered exceptional lead to the 3rd fiscal quarter of 2021, highlighted by EPS increasing 78%," board Chairman Donald Horton said in a declaration. "These outcomes show our experienced groups and production abilities, industry-leading market share, broad geographical footprint and varied product offerings throughout several brands." Shares, however, were down about 2.


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53, in afternoon trading. Entering into Thursday, Horton shares were up about 33% year to date, much better than the similar 16% and 14% respective gains of the and Dow Jones Industrial Average. The business's strong first-half results were driven by an enhancing economy. Housing starts in June, for example, rose about 6% compared to Might and almost 30% year over year.


Newsletter Sign-up A morning rundown on what you need to understand in the day ahead, including exclusive commentary from Barron's and Market, See writers. The business sounded upbeat about coming months, too. "Housing market conditions remain really robust, with home buyer need exceeding our existing capability to provide houses throughout all of our markets," the chairman stated.





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