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.
Photo Credit: Wynand van Poortvliet