DALLAS (AP) - D.R. Horton says it swung to a loss in the second
quarter. The sustained housing slump forced the nation's largest
homebuilder to take hefty charges and write down the value of
Fort Worth, Texas-based D.R. Horton posted a loss of 1.31
billion dollars, or $4.14 per share. That includes includes pretax
write-down charges of 834 million dollars.
Revenue plunged to 1.6 billion dollars, down from from 2.6
billion dollars a year ago.
On average, analysts surveyed by Thomson Financial expected a
loss of 39 cents per share on revenue of 1.36 billion dollars. Wall
Street estimates typically exclude one-time charges or gains.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.