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Homebuilder D R Horton beats profit estimate, ups 2018 forecast

Horton, says it expects fiscal 2018 consolidated revenue to rise about 13-19%, compared with its previous estimate of 10-15%.


HOMEBUILDER D R Horton Inc reported a better-than-expected quarterly profit on Thursday and raised its fiscal 2018 revenue and cash flow forecasts, further evidence that a strong US job market is feeding through to demand for houses.

Horton's shares rose as much as 2.5

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