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It's another big report for the homebuilders as D.R. Horton (DHI) FQ2 earnings comfortably beat...

It's another big report for the homebuilders as D.R. Horton (DHI) FQ2 earnings comfortably beat estimates. Pre-tax margin increased 550 bps to 9.9%. Net sales orders +34%, net sales value +52%. Closings +33% in units, +47% in value. Backlog +54% in units, +76% in value. Management: 15.8K homes in inventory, 175K lots owned (or controlled), with 58K lots fully developed. Conference call at 10 ET. Shares +1.4% premarket. (PR)
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