10:20 AM EDT, 07/18/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

D.R. Horton ( DHI ) shares were up 11.5% in recent Thursday trading after the company reported better-than-expected fiscal Q3 results.

The homebuilder reported fiscal Q3 earnings of $4.10 per diluted share, up from $3.90 a year earlier.

Analysts polled by Capital IQ expected $3.79.

Revenue for the quarter ended June 30 was $9.97 billion, compared with $9.73 billion a year earlier.

Analysts polled by Capital IQ expected $9.61 billion.

D.R. Horton ( DHI ) said it now expects full-year revenue of $36.8 billion to $37.2 billion, compared with its previous range of $36.7 billion to $37.7 billion.

Analysts polled by Capital IQ expect $36.9 billion.

The company also said its board approved up to a $4 billion share buyback plan to replace its previous program.

Price: 175.63, Change: +18.12, Percent Change: +11.50