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Stock Market & Financial Investment News

News Breaks
January 28, 2014
10:11 EDTDHID.R. Horton says weekly sales pace accelerated in January
Says weekly sales pace accelerated in January compared to Q1, which could be an early sign of strong demand to come in the spring. Says off to a strong start in FY14. Says housing market conditions continue to improve across most of its operating markets and says optimistic about the upcoming spring selling season. Comments made on the Q1 earnings conference call.
News For DHI From The Last 14 Days
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June 19, 2015
14:26 EDTDHIHomebuilders advance after KB Home reports earnings
Shares of homebuilder stocks are rallying in a down market after group member KB Home (KBH) reported second quarter EPS of 10c on revenue of $623M, beating consensus estimates of 8c and $619M, respectively. Net orders grew 33% to 3,015 in the current quarter, compared to 2,269 in the year-earlier quarter, largely driven by expansion in the company’s average community count. PRICE ACTION: In afternoon trading KB Home is up about 10% to $16.46. Other homebuilder stocks are moving up as well, with DR Horton (DHI) and PulteGroup (PHM) each up about 2% and Lennar (LEN) up 3%.

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