D.R. Horton Jumps on Profit Beat Despite Soft Housing Market
A worker builds a home in Lillington, North Carolina.
Photographer: Allison Joyce/BloombergShares of D.R. Horton rose the most in more than five years as the homebuilder posted earnings that beat expectations even as the US housing market remains sluggish.
Horton shares were up 12.5% at $147.62 as of 10:35 a.m. in New York.