July 30, 2019 / 10:38 AM / 4 months ago

D.R. Horton profit rises 4.6%

July 30 (Reuters) - No.1 U.S. homebuilder D.R. Horton Inc reported a 4.6% rise in quarterly profit on Tuesday, driven by higher demand and cheaper mortgage rates. Net income attributable to the company rose to $474.8 million, or $1.26 per share, in the third-quarter ended June 30, from $453.8 million, or $1.18 per share, a year earlier.

Revenue rose 10.6% to $4.91 billion. (Reporting by Dominic Roshan K.L. and Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber)

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