Market Updates
U.S. Movers: Costco Wholesale, DR Horton
Scott Peters
21 Jan, 2025
New York City
D.R. Horton Inc. gained 3.9% to $153.35 despite the home builder posted a 1% decrease in revenue in the fiscal first quarter 2025 ending in December.
Net income plunged 11% from a year ago to $844.9 million, and diluted earnings per share eased to $2.61 from $2.82 a year ago.
The company closed sales of 19,059 homes, while net sales orders amounted to 17,837 homes.
D.R. Horton repurchased 6.8 million shares of common stock for $1.1 billion and paid cash dividends totaling $128.5 million.
The home builder declared a quarterly cash dividend of 40 cents per share payable on February 14 to shareholders on record February 7.
Costco Wholesale Co edged up 0.1% to $944.50 after the membership warehouse club operator's workers' union of 18,000 workers voted to strike at the end of January if management fails to meet their demands.
Costco recently reported $254 billion in annual revenue and $7.4 billion in net profits, which is a 135% increase since 2018.
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