D.R. Horton Inc. (NYSE: DHI) reported its financial results for the quarter ended March 31, 2020 today.
D.R. Horton posted a 37% jump in earnings helped by higher homebuilding revenue. The company experienced the impact of the COVID-19 pandemic on its operations and housing demand in late March and April. The results were affected by the changes in economic conditions that negatively impacted the housing, lot development, and financial services markets.
The demand for the company’s homes across all of its operating markets was impacted by the COVID-19 pandemic and the related widespread reductions in economic activity across the US. Month-to-date in April 2020, the company’s net sales orders are about 11% lower than last year.
Past Performance
DHI Q1 2020 Earnings Performance
DHI Q4 2019 Earnings Results
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
