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D.R. Horton Posts Smaller Q4 Loss (DHI)

Home builder D.R. Horton, Inc. ( DHI ) on Friday reported a smaller fourth quarter loss in comparison to last year, despite lower revenue.

The Fort Worth, TX-based company reported a fiscal fourth quarter net loss of $8.9 million, or 3 cents per share, compared with $234.9 million, or 74 cents per share, in the year-ago period.

Revenue fell 8% from last year to $925.7 million.

On average, Wall Street analysts expected a slightly worse loss of 4 cents per share, on lower revenue of $854 million.

D.R. Horton shares fell 24 cents, or -2%, in premarket trading Friday.

The Bottom Line

Shares of DR Horton ( DHI ) have a 1.23% dividend yield, based on last night's closing stock price of $12.17. The stock has technical support in the $10-$11 price area. If the shares can firm up, we see overhead resistance around the $14 price level.

D.R. Horton, Inc. ( DHI ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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