On July 18th, DR Horton continued to rise, up more than 10% and reached a historical high of $174.33. In terms of news, DR Horton announced its performance for the third quarter of the 2024 fiscal year, with revenue of $9.73 billion, a year-on-year increase of 2.5%, higher than the analyst's expected $9.61 billion. The net income was $1.35 billion, with an EPS of $4.10, higher than the $3.90 of the same period last year and the analyst's expected $3.75. The company expects to deliver 0.09 million to 0.0905 million residences in the 2024 fiscal year, with the midpoint higher than the previously predicted 0.089 million to 0.091 million residences. The company also announced a new share buyback authorization of up to $4 billion.
美股异动｜霍顿房屋涨超10%创新高 第三财季业绩超预期+高达40亿美元的股票回购计划
U.S. Stock Market News: D.R. Horton reached a new high with a more than 10% increase, and the third quarter performance exceeded expectations with a share buyback plan of up to $4 billion.
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