Industry News

D.R. Horton reports $129 million Q1 net loss

Company works to reduce inventory of lots, homes
Published on Feb 7, 2008

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by CareyBot

D.R. Horton Inc. (NYSE: DHI), the largest home builder in the country, today reported a $128.8 million net loss in the first quarter of the fiscal year ended Dec. 31.

The loss of 41 cents per share missed Wall Street expectations for a loss of 25 cents per share, based on analysts' opinion data provided by Thomson Financial Network.

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