D.R. Horton Soars on Strong Q1 Earnings Growth

The second-largest homebuilder in the U.S. by number of units sold, D.R. Horton (NYSE: DHI) reported impressive Q1 2020 earnings on January 27, sending its shares upward by about 4%. Capitalizing on continuing strength in the U.S. housing market, the company also increased its guidance for the fiscal year (which runs from October 2019 through September 2020). 

Shares are now at an all-time high for the company. Here's what investors need to know.

Top U.S. homebuilder D.R. Horton saw impressive earnings growth in Q1. Image source: Getty Images.

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Source Fool.com