BUSINESS

Homebuilders, Bank Report Quarterly Profits and Guidance Updated

▪

Read, Watch or Listen

Media Bias Meter

Sources: 5

Center 100%

Sources: 5

Arlington, Texas — D.R. Horton Inc. reported fiscal second-quarter net income of $647.9 million and earnings of $2.24 per share on Tuesday, while Forestar Group reported a fiscal second-quarter profit of $32.1 million and $0.63 per-share; Commerce Bancshares in Kansas City reported first-quarter earnings of $141.6 million and $0.96 per share. The companies also disclosed revenues and forward guidance this week: D.R. Horton posted $7.56 billion revenue and guided full-year revenue to $33.5–$34.5 billion while declaring a $0.45 quarterly dividend; Forestar reported $374.3 million revenue and guided $1.6–$1.7 billion, and Commerce reported $572.4 million revenue with revenue net of interest expense of $475.7 million.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

Tuesday: Commerce Bancshares reported Q1 net income of $141.6 million and $0.96 EPS.
Tuesday: D.R. Horton reported fiscal Q2 net income of $647.9 million and $2.24 EPS.
Tuesday: Forestar Group reported fiscal Q2 profit of $32.1 million and $0.63 EPS.
This week: D.R. Horton, Forestar provided full-year revenue guidance ranges and D.R. Horton declared a $0.45 quarterly dividend.
All summaries published via Automated Insights/AP using Zacks Investment Research data and republished by regional outlets.

Why This Matters to You

These earnings reports impact your wallet. If you're a shareholder in D.R. Horton, Forestar, or Commerce Bancshares, these profits could mean dividends for you. If you're considering investing, these figures provide a snapshot of each company's health.

The Bottom Line

D.R. Horton, Forestar, and Commerce Bancshares are showing strong earnings this quarter. This could indicate a robust housing and banking market. However, always do your homework before investing. Worth forwarding if you know someone considering their investment options.