Lates News

US home builder Horton Homes announced its first quarter financial performance with revenue of $6.9 billion and earnings per share of $2.03, both higher than analysts' expectations of $6.603 billion and $1.93, respectively. This was due to the discounts offered to homebuyers and the interest rate cut by the Federal Reserve which promoted home sales. Net sales orders increased by 3% to reach 18,300 units during the period.