D.R. Horton tops profit estimates as margins offset softer homebuilding revenue

DR Horton Inc (NYSE:DHI) reported quarterly earnings that beat Wall Street expectations on both revenue and profit on Tuesday, even as net income declined year over year and homebuilding revenue softened. The US homebuilder posted revenue of $7.56 billion for its fiscal second quarter ended March 31, compared with analyst expectations of $7.55 billion.