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Why D.R. Horton Stock Just Popped 12%

TheMotleyFool

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Shares of "America's largest homebuilder" D.R. Horton (NYSE: DHI) surged in Tuesday trading and, with less than an hour to go in the trading day, were up 12% at 3:10 p.m. EDT.

D.R. Horton reported its fiscal second-quarter 2020 earnings this morning. Instead of the $1.12 per share on sales of $4.4 billion that Wall Street had predicted it would report, it said it earned $1.30 per share on sales of $4.5 billion.

Image source: Getty Images.

Source Fool.com

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