Stock Groups

Homebuilder D.R. Horton cuts annual forecast on supply chain disruptions By Reuters


© Reuters.

(Reuters] – D.R. Homes is the largest U.S. housebuilder. Horton Inc. on Monday reduced its outlook for annual revenue. Homes were also closed due to the lingering disruptions in supply chains.

According to the company, its fiscal 2021 revenue is expected to be $27.4 billion-$27.6 billion. This compares with its earlier expectation of $27.6 million to $28.1 billion.

D.R. Horton expects to close homes between 81.300 and 81.700 homes. This is an increase from the previous outlook that Horton had of 83,000 houses to 84.500.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, futures, indexes or Forex. The prices of Forex and CFDs are not supplied by exchanges. However, market makers provide the prices. This means that prices might not reflect actual market prices and prices could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.