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Fort Worth’s D.R. Horton Cuts Costs, Surprises Wall St.

Posted on February 3rd, 2009 5:36pm by Wick Allison
Filed under Business, Real Estate

The Fortune 500 homebuilder reported better results than expected, even though its revenues fell by half. After noting that he expects California to start coming back, CEO Don Tomnitz made me feel all warm inside:

Texas, meanwhile, continues to be a strong market, Tomnitz said.

The company has $1.9 billion in cash.

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One Comment to “Fort Worth’s D.R. Horton Cuts Costs, Surprises Wall St.”
  • CDD @ February 3rd, 2009 at 8:38 pm

    Cuts costs, cuts corners. I see a theme!