D R Horton Inc. Profit Rises 17% In Q1

(RTTNews) - D R Horton Inc. (DHI) revealed earnings for its first quarter that rose from last year.

The company said its bottom line came in at $229.2 million, or $0.60 per share. This was higher than $195.1 million, or $0.52 per share, in last year's first quarter.

Analysts had expected the company to earn $0.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 17.0% to $3.16 billion. This was up from $2.70 billion last year.

D R Horton Inc. earnings at a glance:

-Earnings (Q1): $229.2 Mln. vs. $195.1 Mln. last year. -Earnings Growth (Y-o-Y): 17.5% -EPS (Q1): $0.60 vs. $0.52 last year. -EPS Growth (Y-o-Y): 15.4% -Analysts Estimate: $0.59 -Revenue (Q1): $3.16 Bln vs. $2.70 Bln last year. -Revenue Change (Y-o-Y): 17.0%

-Guidance: Full year revenue guidance: $13.6 - $14.0 Bln