DR Horton Says 'Potential Homebuyers Have Been More Cautious' as Sales Sink
1. D.R. Horton missed revenue and profit expectations for Q2. 2. Home orders decreased by 15%, falling short of forecasts. 3. The company cut full-year revenue guidance due to market conditions. 4. D.R. Horton increased stock buyback projections for fiscal 2025 to $4 billion. 5. Shares rose over 2% post-announcement but remain down 16% year-to-date.