D.R. Horton Beats Q1 Estimates, Warns of Margin Squeeze
D.R. Horton reported first-quarter earnings surpassing expectations but cautioned about shrinking margins in Q2 due to increased buyer incentives.
Insights:
D.R. Horton Inc. , the largest homebuilder in the US 
US, reported a first-quarter profit of $2.03 per share, surpassing Wall Street's estimate of $1.93 per share. The company's revenue for the quarter stood at $6.89 billion, exceeding the analyst forecast of $6.60 billion. However, this marks a decline from the previous year's revenue of $7.61 billion.
US, reported a first-quarter profit of $2.03 per share, surpassing Wall Street's estimate of $1.93 per share. The company's revenue for the quarter stood at $6.89 billion, exceeding the analyst forecast of $6.60 billion. However, this marks a decline from the previous year's revenue of $7.61 billion.
