D R Horton Makes Money (DHI)

247admin — Tue, 02 Feb 2010 13:22:20 +0000

D R Horton (NYSE: DHI) is trading higher on signs business may be turning around for the homebuilder which caters to first-time buyers. The homebuilder reported a pre-tax income of $42.8 million or $0.56 EPS as revenue rose 23% percent to $1.1 billion. Thomson Reuters had estimates of -$0.13 EPS and about $960 million in revenue. Homes closed rose 36% and pre-tax charges this quarter were only $1.2 million for inventory impairments and write-offs. The net earnings number has items in it, but shares are higher this morning. At 8;20 AM EST we have shares trading up 8% at $12.88 on almost 15,000 shares. The average daily volume is $7.7 million shares and the 52-week trading range is $5.73 to $13.90.

JON C. OGG

Stock indices spike: Homebuilders are on the watch list (CTX, TOL, LEN, DHI, PHM)

247admin — Wed, 24 Jun 2009 12:36:16 +0000

The Dow Jones Industrials (DJIA) spiked on volume at 8:30 a.m. Eastern, after the release of stronger-than-expected May durable goods orders. Orders rose 1.8%, vs. consensus expectation of a 0.9% decline. The prior month’s results were revised slightly lower, up 1.8% vs. the previously reported 1.9%.

Stocks to watch later this morning may include Centex Corp (NYSE: CTX), Toll Brothers, Inc. (NYSE: TOL), Lennar Corp. (NYSE: LEN), D.R. Horton Inc. (NYSE: DHI), Pulte Homes, Inc. (NYSE: PHM) and the other homebuilders. New home sales data is expected at 10 a.m. Eastern.

Volume Spike Investor » DHI

D R Horton Makes Money (DHI)

Stock indices spike: Homebuilders are on the watch list (CTX, TOL, LEN, DHI, PHM)