D.R. Horton posts quarterly loss after charges
Another builder is having trouble…
D.R. Horton Inc, the largest U.S. home builder, on Thursday reported its first quarterly loss as a public company after taking more than $1 billion of charges, chiefly related to the lower value of land and other assets.
For its fiscal third quarter, ended June 30, D.R. Horton posted a loss of $823.8 million, or $2.62 per share, versus a profit of $292.8 million, or 93 cents per share, in the year-earlier quarter.
29 July 2007 | Business, Construction, General | Comments
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