Jan
25

D.R. Horton Shares Slump as Pace of Home-Order Growth Slows

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D.R. Horton Inc., the largest U.S. homebuilder, fell the most in three weeks after reporting fiscal first-quarter earnings that included slower-than-expected order growth.

Orders rose 9 percent, compared with a 35 percent jump a year earlier, the Fort Worth, Texas-based company said in a statement Tuesday. The average of four analyst estimates was for growth of 12.5 percent, and Megan McGrath, an analyst with MKM Holdings LLC, said she was expecting an increase of 15.5 percent…

D.R. Horton Shares Slump as Pace of Home-Order Growth Slows

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