Jan 31 (Reuters) - D.R. Horton Inc reported an 8.5 percent drop in first-quarter profit on Wednesday as the No.1 U.S. homebuilder took a charge of $108.7 million due to changes in the tax law.
Net income attributable to the company fell to $189.3 million, or 49 cents per share, in the quarter ended Dec. 31, from $206.9 million, or 55 cents per share, a year earlier.
Revenue rose 14.8 percent to $3.33 billion. (Reporting by Arunima Banerjee in Bengaluru; Editing by Arun Koyyur)