India, April 17 -- (Adds Outlook, stock movement)
D.R. Horton, Inc. (DHI) has lowered its annual revenue outlook below analysts' forecast.
The company now expects full-year revenue of $33.3 billion to $34.8 billion, lesser than the prior guidance of $36 billion to $37.5 billion.
Analysts on average expect DHI to report revenue of $36.14 billion, for the year.
For the full year, D.R. Horton now anticipates to repurchase around $4 billion of shares, compared with the earlier outlook of $2.6 to $2.8 billion.
Homes closed by homebuilding operations is now projected to be in the range of 85,000 to 87,000 homes, compared with previous expectation of 90,000 to 92,000 homes.
Further, the company has reaffirmed its plan to pay dividend of arou...