D.R. Horton posts profit as home closings jump
D.R. Horton Inc
Horton reported earnings of $50.5 million, or 16 cents per share, for the third quarter ended June 30, compared with a year-earlier loss of $143.8 million, or 45 cents per share.
Closings jumped 60 percent to 6,805 homes as buyers rushed to seal the deal before the federal tax credit deadline of June 30.
(Reporting by Helen Chernikoff; Editing by Lisa Von Ahn)
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