D.R. Horton 2019 home sales forecast largely below estimates
FILE PHOTO: A house built by the D.R. Horton company is seen for sale in Arvada, Colorado January 24, 2017. REUTERS/Rick Wilking/File Photo
(Reuters) – D.R. Horton Inc on Thursday forecast full-year home sales, the mid-point of which was below Wall Street expectations.
The company said it expects to deliver between 55,000 homes and 56,000 homes in 2019. Analysts on average were expecting home sales of 55,668 homes.
Net income attributable to the company was $351.3 million, or 93 cents per share, in the second-quarter ended March 31, from $351.0 million, or 91 cents per share, a year earlier.
Revenue rose to $4.13 billion from $3.79 billion.
Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber