DHI Stock Recent News

Goldman Sachs and Apple were two of the worst-performing blue chip stocks on Thursday.

D.R. Horton's (DHI) fiscal third-quarter performance benefits from limited affordable price points and favorable demographics amid inflation and high mortgage/interest rates.

D.R. Horton (DHI) shares surged in intraday trading Thursday after the company topped third-quarter expectations on the top and bottom lines.

D.R. Horton, Inc. (NYSE:DHI ) Q3 2024 Earnings Conference Call July 18, 2024 8:30 AM ET Company Participants Jessica Hansen - Senior Vice President, Investor Relations and Communications David Auld - Executive Chairman Paul Romanowski - President and Chief Executive Officer Michael Murray - Executive Vice President and Chief Operating Officer Bill Wheat - Executive Vice President and Chief Financial Officer Conference Call Participants John Lovallo - UBS Carl Reichardt - BTIG Stephen Kim - Evercore ISI Michael Rehaut - JPMorgan Matthew Bouley - Barclays Alan Ratner - Zelman & Associates Eric Bosshard - Cleveland Research Sam Reid - Wells Fargo Anthony Pettinari - Citi Buck Horne - Raymond James Susan Maklari - Goldman Sachs Rafe Jadrosich - Bank of America Michael Dahl - RBC Capital Markets Operator Good morning, and welcome to the Third Quarter 2024 Earnings Conference Call for D.R. Horton, America's builder, the largest builder in the United States.

+1.867 million longer-term jobless claims is the highest single-week figure we've seen since November of 2021.

Although the revenue and EPS for D.R. Horton (DHI) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

U.S. stocks traded higher this morning, with the Dow Jones index gaining around 40 points on Thursday.

D.R. Horton (DHI) came out with quarterly earnings of $4.10 per share, beating the Zacks Consensus Estimate of $3.80 per share. This compares to earnings of $3.90 per share a year ago.

Shares of D.R. Horton Inc. DHI, -2.93% fell 1.6% in premarket trading Thursday after the homebuilder reported fiscal third-quarter earnings and the value of home closings that rose above expectations, while the full-year revenue outlook was trimmed.

A modest bounce for the Nasdaq Composite could be in the making for Thursday, following the worst one-day percentage drop for the tech index, as a recent rotation out of its biggest companies got amped by concerns the U.S. would hit tech companies with more China restrictions.