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We've detected you are on Internet Explorer. For the very best experience, please upgrade to a modern internet browser. Upgraded July 22, 2021 11:32 am ET/ Original July 22, 2021 9:13 am ET Order Reprints Print Short article Text size Entering Thursday, D.R. Horton shares were up about 33% year to date.

Real estate giant Horton (ticker: DHI) reported better-than-expected financial third-quarter numbers. While the outcomes and company outlook were positive, investors reacted with care. The business posted per-share profits of $3. 06 on $7. 3 billion in sales. Wall Street was trying to find $2. 80 in per-share earnings on $7. 2 billion in sales.

" The D.R. This Piece Covers It Well provided exceptional outcomes in the 3rd fiscal quarter of 2021, highlighted by EPS increasing 78%," board Chairman Donald Horton said in a statement. "These outcomes reflect our knowledgeable teams and production abilities, industry-leading market share, broad geographical footprint and varied item offerings throughout several brand names." Shares, however, were down about 2.

53, in afternoon trading. Entering into Thursday, Horton shares were up about 33% year to date, better than the comparable 16% and 14% particular gains of the and Dow Jones Industrial Average. The business's strong first-half outcomes were driven by an improving economy. Real estate starts in June, for example, increased about 6% compared with May and nearly 30% year over year.

Newsletter Sign-up A morning instruction on what you need to know in the day ahead, consisting of exclusive commentary from Barron's and Market, Watch authors. The company sounded upbeat about coming months, too. "Real estate market conditions stay extremely robust, with home purchaser demand exceeding our current capacity to deliver homes across all of our markets," the chairman said.