D.r. horton has withdrawn 2020 outlook due to covid-19 uncertainty

D.r. horton, inc., america’s builder, reports select preliminary fiscal 2020 second quarter results.d.r. horton - during latter part of march & into april, impacts of covid-19 began to adversely affect business operations.d.r. horton inc - preliminary q2 net sales orders increased 20% to 20,087 homes and 22% in value to $6.0 billion.d.r. horton inc - preliminary q2 homes closed increased 8% to 14,539 homes and 10% in value to $4.4 billion.d.r. horton inc - company has withdrawn its fiscal 2020 guidance due to uncertainty caused by covid-19 pandemic.d.r. horton - experienced increases in sales cancellations & decreases in sales orders in late march & early april.d.r. horton - company believes it is well positioned to operate in this uncertain environment.d.r. horton - company's sales order backlog of homes under contract at march 31, 2020 increased 14% to 19,328 homes.
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