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Apr 23rd

DR Horton Posts 5th Straight Quarterly Profit

DR Horton Posts 5th Straight Quarterly Profit

Homebuilder DR Horton issued its fiscal second-quarter results Monday, surpassing Wall Street expectations in both earnings and revenue as Americans cautiously returned to the new home buying market. Shares of the Fort Worth, Texas home builder nonetheless fell over 2 percent in the first few hours of trading Monday amid a broad-based market decline.

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