DR Horton Inc. (NYSE:DHI) reported net income of $27.7 million or 9 cents per share in the first quarter of fiscal 2012 versus a net loss of $20.4 million or 6 cents per share in the year-ago quarter. Earnings per share outperformed the Zacks Consensus Estimate of 5 cents.
Total revenues increased 15% year over year to $885.6 million, driven by increase in homebuilding revenues. Reported revenues, however, fell short of the Zacks Consensus Estimate of $920 billion.
Homebuilding revenues climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards