D.R. Horton soars - sales and sales price both gain

• FQ2 net income of $131M or $0.38 per share is up 18% from a year ago. Revenue of $1.7B is up 22%. Homes closed of 6,194 is up 10%. Average sales price up 10%.
• Net sales orders during Q of 8,569 up 9% Y/Y; value of net sales orders of $2.4B up 20%. Cancellation rate of 19%. Backlog of 10,059 homes up 5%; value of backlog of $2.8B up 18%.
• Source: Press Release
• Previously: D. R. Horton beats by $0.04, beats on revenue
• NYSE:DHI +8.3%