D R Horton Inc. Announces Drop In Q4 Profit, Misses Estimates

(RTTNews) - D R Horton Inc. (DHI) reported a profit for fourth quarter that Dropped, from the same period last year and missed the Street estimates.

The company's bottom line totaled $905.3 million, or $3.04 per share. This compares with $1.283 billion, or $3.92 per share, last year.

Analysts on average had expected the company to earn $3.29 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 3.2% to $9.677 billion from $10.002 billion last year.

D R Horton Inc. earnings at a glance (GAAP) :

-Earnings: $905.3 Mln. vs. $1.283 Bln. last year. -EPS: $3.04 vs. $3.92 last year. -Revenue: $9.677 Bln vs. $10.002 Bln last year.