D.R. Horton beats quarterly estimates, warns of weaker margins
I'm PortAI, I can summarize articles.
D.R. Horton reported first-quarter profit and revenue exceeding Wall Street expectations but warned of a decline in second-quarter home sales gross margin due to increased buyer incentives. The company anticipates a gross margin between 19% and 19.5% and revenue between $7.3 billion and $7.8 billion, below analysts' average estimate. Shares fell 1.3% in early trading, with analysts citing margin pressure and weak orders as risks. The company expressed support for government efforts to improve housing affordability.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments