Investing.com - DR Horton reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
DR Horton announced earnings per share of $1.3 on revenue of $4.50B. Analysts polled by Investing.com anticipated EPS of $1.11 on revenue of $4.43B. That with comparison to EPS of $0.93 on revenue of $4.13B in the same period a year before.DR Horton had reported EPS of $1.16 on revenue of $4.02B in the previous quarter.Analysts are expecting EPS of $1.1 and revenue of $4.8B in the upcoming quarter.
DR Horton shares are down 20% from the beginning of the year and are trading at $42.11 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.29% year to date.
DR Horton follows other major Capital Goods sector earnings this month
DR Horton's report follows an earnings missed by ASML ADR on April 15, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.
Lockheed Martin had beat expectations on April 21 with first quarter EPS of $6.08 on revenue of $15.65B, compared to forecast for EPS of $5.81 on revenue of $15.08B.
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