D.R. Horton slips despite improved fiscal 2Q totals

April 22, 2015 6:02 PM

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D.R. Horton Inc. (DHI) reported net income and revenue that surpassed Wall Street estimates, but the largest U.S. homebuilder's shares fell in afternoon trading.

The Fort Worth, Texas-based company said its net income, revenue, and the number of houses it completed improved in the fiscal second quarter. It also said the housing market is relatively stable and that the spring selling season is off to a strong start.

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