D.R. Horton profit rises on tax benefit

By @ibtimes on

D.R. Horton Inc's quarterly profit rose, helped by a tax benefit.

The biggest U.S. homebuilder by closings in 2010, Horton posted on Friday earnings for the second fiscal quarter ended March 31 of $27.8 million, or 9 cents per share, compared with a profit of $11.4 million, or 4 cents per share, last year.

(Reporting by Helen Chernikoff; Editing by Derek Caney)

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