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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (57682)	7/13/2006 6:05:32 PM
From: patron_anejo_por_favor	Read Replies (4) \| Respond to of 306849

Looks like Horton heard a who! Big earnings warning, lowered yearly EPS to 3.65 from 5.25....ouch!<G> Now down 2 bucks (9%) in the aftermarket.... marketwatch.com D.R. Horton third-quarter sales orders fall,lowers year view By Ruth Mantell Last Update: 5:28 PM ET Jul 13, 2006 SAN FRANCISCO (MarketWatch) -- D.R. Horton Inc. (DHID.R. Horton, Inc. DHI ) after Thursday's closing bell said third-quarter sales orders fell 7.3% to $3.8 billion, or 14,316 homes, from $4.1 billion, or 14,980 homes, during the same period in the prior year. Donald Horton, chairman, noted the "difficult selling conditions the homebuilding industry is experiencing." Due to the conditions, D.R. Horton said it expects per-share earnings for the third quarter of 93 cents, and lowered its per-share view for the year to $3.65 or more on 50,000 homes closed. In April, the company said it expected fiscal year per-share income of $5.25 and $5.35.