DR Horton IncRevenues flat but full-year guidance significantly missed forecasts.
NVR reported second-quarter revenues of $2.33 billion, down 10.5% year over year and 3.9% below analyst expectations, making it the weakest performer among the nine home builders tracked. Installed Building Products delivered the biggest beat, with revenues of $777.8 million, up 2.3% year over year and 4.4% above estimates. Lennar's revenues fell 5.2% to $7.94 billion, missing estimates by 2.4%, while LGI Homes grew revenues 3.7% to $501.5 million, beating by 2.9%. D.R. Horton posted flat revenues of $9.23 billion, in line with expectations, but issued full-year revenue guidance that significantly missed analyst forecasts.
DR Horton IncRevenues flat but full-year guidance significantly missed forecasts.
Installed Building Products IncRevenues beat estimates and grew 2.3% YoY, leading home builders.
Lennar CorporationRevenues fell 5.2% and missed estimates by 2.4%.
LGI HomesRevenues grew 3.7% and beat estimates by 2.9%.
NVR IncRevenues missed estimates and fell 10.5% YoY, making it the weakest performer.