- D.R. Horton, whose stock has been riding Wall Street faith's that home building is coming back, posted revenues of $1.1 billion for the quarter that ended June 30, which is up 14% over the same third-quarter number in 2011.
- Horton also closed on 9% more sales than in the 2011 quarter, handing over keys to 4,957 houses.
- The company's per-share earnings went up by a factor of more than 24 to $2.22, but Horton attributed that to a non-cash tax event.
From the article:
Fort Worth-based home builder D.R. Horton ($18.39 0%) posted a third-quarter profit of $787.8 million, or $2.22 a share, for the period ending June 30. ...