D.R. Horton higher after beating estimates

• FQ2 net income of $147.9M or $0.40 per share vs. $131M and $0.38 one year ago.
• Closings of 8,243 homes up 33% year-over-year.
• Net sales orders of 11,135 homes up 30% Y/Y, with value of $3.2B up 33%.
• Backlogs up 21% to 12,177 homes, up 27% in value to $3.6B.
• Donald Horton: "The spring selling season at D.R. Horton is off to a strong start."
• Conference call at 10 ET
• Previously: D. R. Horton beats by $0.02, beats on revenue (April 22)
• DHI +1.4% premarket