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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.

DHI

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Mixed Bag In Paradise: Bank Of Hawaii Q4 Beats On Profit, Despite Revenue Miss, Net Interest Income Takes A Dive

Bank of Hawaii (BOH) reports Q4 FY23 results, with revenues at $158.07 million, slightly below estimates. The bank, however, exceeds expectations with an Adjusted EPS of $1.01, despite a 4.3% Q/Q dip in net interest income. Total deposits reach $21.1 billion, reflecting consistent growth. Noninterest income, at $42.3 million, experiences a modest Q/Q decline but maintains a positive Y/Y trajectory.

BOH