Forbes.com: Latest Headlines - Feb 02, 2010D.R. Horton, Inc. (DHI)
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Michael Widner
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Stifel NicolausThe Fort Worth, Tex based home builder said the number of new orders and completed sales increased significantly in the quarter, compared with the first quarter last year Stifel Nicholas analyst Michael R Widner was "surprised"
DR Horton turned profitable as early as it did, noting that it was the home builder's first profitable quarter since "We see this as a welcome change that comes two quarters before we expected," he said In an interview with Forbes, Winder said: "It's good to see someone in the sector turn profitable again, and we should see the rest of the group follow in the next couple of quarters The next thing to look for will be going from marginal profitability to truly solid earnings
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<span class="sent">The Fort Worth, Tex based home builder said the number of new orders and completed sales increased significantly in the quarter, compared with the first quarter last year</span> Stifel Nicholas analyst Michael R Widner was "surprised" <span class="company">DR Horton</span> turned profitable as early as it did, noting that it was the home builder's first profitable quarter since "We see this as a welcome change that comes two quarters before we expected," he said In an interview with Forbes, Winder said: "It's good to see someone in the sector turn profitable again, and we should see the rest of the group follow in the next couple of quarters The next thing to look for will be going from marginal profitability to truly solid earnings
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