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DR Horton Narrows Down Loss in First Fiscal Quarter

Dr Horton has reported a loss of $62.6 million, or 20 cents a share in the first quarter of the current fiscal year ending Dec 31, while the same for a year earlier stood at $128.8 million, or 41 cents a share.

This has surprised everyone in the industry as the current housing market is going through a phase of slump. Dr Horton is able to cope with the turbulent time by slashing down substantially costs of its various products.

With its performance, DR Horton Home Builder has proved false the predictions of many analysts, who were expecting a loss of 52 cents a share.

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