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D.R. Horton climbs most in 10 months on profit gain

from BusinessWeek

D.R. Horton Inc., the second-largest U.S. homebuilder by revenue, climbed the most in 10 months after the company reported its first quarterly profit since 2007 on sales and profit margins that exceeded analysts' estimates. The shares jumped 11 percent to $13.21 as of 4:01 p.m. in New York Stock Exchange composite trading, the biggest gain since March 23. The Standard & Poor's Supercomposite Homebuilding Index rallied 6.5 percent, the most since November. more


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