Homebuilder DR Horton Hits Sales Record Amid Coronavirus Pandemic



D.R. Horton's profit spiked 33 percent in the three months through June as homebuilding boomed during the coronavirus pandemic. The Arlington, Texas-based homebuilder booked a fiscal third-quarter profit of $630.7 million, or $1.72 per share, as revenue touched a record with 10 percent growth to $5.4 billion. Wall Street analysts surveyed by Refinitiv were anticipating adjusted earnings of $1.30 a share on revenue of $5.1 billion.


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Photo Credit: Wynand van Poortvliet

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