07:19 AM EDT, 10/29/2024 (MT Newswires) -- D.R. Horton ( DHI ) reported fiscal Q4 net income Tuesday of $3.92 per diluted share, down from $4.45 a year earlier.

Analysts polled by Capital IQ expected $4.16.

Consolidated revenue for the quarter ended Sept. 30 was $10 billion, down from $10.50 billion a year earlier.

Analysts surveyed by Capital IQ expected $10.19 billion.

D.R. Horton ( DHI ) said it expects fiscal 2025 revenue of $36 billion to $37.5 billion. Analysts polled by Capital IQ expect $39.52 billion.

The company said it will provide fiscal Q1 guidance in its conference call later in the day.

The company also said it lifted its quarterly cash dividend by 33% to $0.40 per share, payable Nov. 19 to shareholders of record on Nov. 12.

Shares of D.R. Horton ( DHI ) were down more than 7% in recent Tuesday premarket activity.

Price: 167.00, Change: -13.38, Percent Change: -7.42