On Thursday, Shares of D.R. Horton, Inc. (NYSE:DHI), gained 3.15% to $29.48.
D.R. Horton stated that net income for its third fiscal quarter ended June 30, 2015 raised 96% to $221.4 million, or $0.60 per diluted share, from $113.1 million, or $0.32 per diluted share, in the same quarter of fiscal 2014. Homebuilding revenue for the third quarter of fiscal 2015 raised 37% to $2.9 billion from $2.1 billion in the same quarter of fiscal 2014. Homes closed in the quarter raised 28% to 9,856 homes, contrast to 7,676 homes in the preceding year quarter.
For the nine months ended June 30, 2015, net income raised 39% to $511.8 million, or $1.39 per diluted share, from $367.3 million, or $1.05 per diluted share, in the same period of fiscal 2014. Homebuilding revenue for the nine months ended June 30, 2015 raised 37% to $7.5 billion from $5.4 billion in the first nine months of fiscal 2014. Homes closed in the nine-month period raised 30% to 26,072, contrast to 20,058 homes in the same period of fiscal 2014.
D.R. Horton, Inc. operates as a homebuilding company. It is engaged in the acquisition and development of land; and construction and sale of residential homes in 27 states and 79 markets in the United States under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, and Crown Communities.
Shares of Broadcom Corporation (NASDAQ:BRCM), declined -0.89% to $51.35, during its last trading session.
Broadcom Corporation stated unaudited financial results for its second quarter ended June 30, 2015.
“Broadcom delivered revenue that was up sequentially and year over year during the second quarter, driven by growth in the high-end smartphone, broadband access, and networking markets,” said Scott McGregor, Broadcom’s President and Chief Executive Officer. “The most important news in the quarter was the May 28th declaration of the agreement for Avago Technologies Limited to acquire Broadcom. Once closed, we expect this transaction to create the world’s leading diversified communications semiconductor company with combined annual revenue of about $15 billion. We expect this transaction to significantly enhance long term shareholder value and are excited about the future of the combined company.”
Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments.
Finally, Ameren Corp (NYSE:AEE), ended its last trade with 0.30% gain, and closed at $39.77.
Warner L. Baxter, chairman, president and CEO of Ameren Corp., will join Martin J. Lyons, executive vice president and CFO of Ameren Corp., to talk about second quarter 2015 earnings and other matters related to the company in a conference call with financial analysts on Friday, July 31, at 9 a.m. Central Time (10 a.m. Eastern Time).
Ameren Corporation operates as a public utility holding company in the United States. The company engages in the rate-regulated electric generation, transmission, and distribution; and rate-regulated natural gas transmission and distribution businesses.
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