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Why Builder D.R. Horton Shares Are Diving Today

D.R. Horton reports a mixed bag: sales growth of 7% to $7.73 billion in first-quarter 2024, exceeding expectations. Despite the backlog drop, the company remains liquid with a consolidated cash balance of $3.3 billion and maintains a positive outlook, projecting revenues between $36 billion and $37.3 billion for fiscal 2024.

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