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

Company works to reduce inventory of lots, homes

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.