April 26, 2018 / 10:38 AM / 3 months ago

D.R. Horton's profit rises 53 pct

April 26 (Reuters) - D.R. Horton Inc, the largest U.S. homebuilder, reported a 53 percent rise in quarterly profit, driven by an increase in home sales.

Net income attributable to the company rose to $351 million, in the second quarter ended March 31, from $229.2 million, a year earlier. Earnings per share rose to 91 cents from 60 cents a year earlier.

Revenue rose 16.7 percent to $3.79 billion. (Reporting by Arunima Banerjee in Bengaluru Editing by Saumyadeb Chakrabarty)

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