Homebuilder DR Horton Inc. (NYSE: DHI) posted EPS of $0.09 this morning, beating the consensus estimate of $0.04 and smashing an EPS loss of -$0.06 in the same period last year.
The company’s results included double-digit percentage gains for the quarter in new orders, closings, and order backlog. Analysts and investors remain cautious, however, because last year’s results were so awful that anything is better than that.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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