BUZZ-Homebuilder D.R. Horton falls after lowering annual revenue forecast

Reuters
17 Apr
BUZZ-Homebuilder D.R. Horton falls after lowering annual revenue forecast 

** Shares of homebuilder D.R. Horton DHI.N fall 4% to $112.88 premarket

** DHI now expects full-year revenue in the range of $33.3 billion to $34.8 billion, compared with its earlier forecast of $36 billion to $37.5 billion

** Co posts Q2 sales of $7.73 billion, missing analysts' average estimate of $8.03 billion, according to data compiled by LSEG

** Co reports Q2 adj profit of $2.58/share, vs analysts' estimate of $2.63/share

** As of last close, DHI stock down 15.9% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

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