We recently published 10 Stocks with Surprising Gains. D.R. Horton, Inc. is one of Tuesday’s top performers.
DR Horton grew its share prices by 16.98 percent on Tuesday to close at $153.5 apiece after beating its earnings guidance for the third quarter of fiscal year 2025.
In its earnings release, D.R. Horton, Inc. said revenues during the period settled at $9.22 billion, lower than the $9.96 billion registered in the same period last year, but were well above analyst consensus.
Meanwhile, attributable net income dropped by 24 percent to $1.02 billion from $1.35 billion year-on-year.
Commenting on the company’s performance, D.R. Horton, Inc. Executive Chairman David Auld said that new home demand continued to be impacted by ongoing affordability constraints and cautious consumer sentiment.
A construction site of a multi-family residential complex, a modern urban skyline in the background.
He said he expected sales incentives to remain elevated in the fourth quarter of the year.
That said, D.R. Horton, Inc. lowered the high-end range of its full-year revenue guidance for the fourth quarter to $34.2 billion from $34.8 billion previously, with homes closed now expected to settle at only 85,000 versus the 87,000 prior.
