BUZZ - D.R. Horton shares fall as housing demand weakens

October 29 - ** Residential developer D.R. Horton (DHI.N) saw its share price fall more than 1% to $141.04 after releasing its fourth-quarter earnings report.

** The company expects home closings for fiscal year 2027 to be between 79,000 and 84,000 units, compared to 84,202 units in fiscal year 2026.

** Net sales orders for the fourth quarter fell 7% year-on-year to 18,619 units; the cancellation rate increased from 20% to 23%.

** Executive Chairman David Auld stated that the housing market environment became more challenging in the fourth quarter, as higher mortgage rates, limited affordability, and more cautious consumer sentiment combined to dampen demand for new homes.

** Fourth-quarter earnings per share were $2.67, compared with $3.04 in the same period last year.

** According to LSEG data, the company expects revenue for fiscal year 2027 to be between $30 billion and $32 billion, while analysts' average expectation is $31.88 billion.

** Fourth-quarter revenue was $9.37 billion, higher than the expected $8.99 billion.

** As of the previous trading day's close, the stock had declined 0.72% for the year to date.

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