Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
D.R. Horton Inc.’s stock moved into positive territory on Tuesday after the home builder’s fiscal fourth-quarter results beat Wall Street analyst estimates for profit and revenue.
D.R. Horton DHI, +3.48% also boosted its quarterly divided to 30 cents a share from 25 cents a share. D.R. Horton said its fourth-quarter net income for the three months ended Sept. 30 fell by about 6% to $1.5 billion, or $4.45 a share, from $1.6 billion, or $4.67 a share, in the year-ago quarter.Revenue rose 9% to $10.5 billion, ahead of the analyst estimate of $10.01 billion.
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