DR Horton: EPS up 2% in Q1
'Although inflation and mortgage interest rates remain high, our net orders increased by 35% year-on-year, as the supply of affordable homes remains limited and demographics remain favorable', the group points out.
In light of current market conditions and results for the past quarter, DR Horton says it has updated its guidance for the current year, now forecasting revenues of around $36-37.3 billion.
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