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by CareyBot

One of the nation's largest home builders, D.R. Horton, on Thursday reported net earnings climbed 48 percent to $371.7 million, or $1.17 a share, for the quarter ended June 30. Third-quarter consolidated revenue increased 21 percent to $3.4 billion, from $2.8 billion in the third quarter of fiscal year 2004. Homes closed in the third quarter were up 11 percent to 12,269 homes from 11,050 homes a year ago. For the nine months ended June 30, net income increased 45 percent to $906.7 million, or $2.85 per diluted share, compared to $625.5 million, or $1.98 per diluted share, for the same period of fiscal year 2004. Consolidated revenue for the nine months increased 20 percent to $8.8 billion, from $7.3 billion for the same period of fiscal year 2004. Homes closed in the nine-month period...