D.R. Horton beats earnings estimates despite lower net income and softer homebuilding revenue.

D.R. Horton reported quarterly earnings that surpassed Wall Street expectations with revenue of $7.56 billion and earnings per share of $2.24. However, net income declined to $648 million from $810 million the previous year, reflecting challenges in the housing market despite steady demand. Homebuilding revenue fell 2% to $7.1 billion, impacted by pricing pressures even as home closings rose 1%. The company forecasts full-year revenue between $33.5 billion and $34.5 billion, aligning with analyst expectations, highlighting ongoing market pressures but resilient buyer activity in some areas. Shares rose about 8% following the report.