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Builder D.R. Horton Posts Loss After Charges

Tags: D. R. Horton Inc., Drhorton, Quarterly Loss

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2008-08-05 05:00:17.0

NEW YORK (Reuters) - D.R. Horton (DHI), the largest U.S. home builder, posted a quarterly loss on Tuesday, citing challenging market conditions in the industry.

The loss for the third quarter ended on June 30 narrowed to $399.3 million, or $1.26 per share, from $823.8 million, or $2.62 per share, a year earlier.

(Reporting by Helen Chernikoff; Editing by Lisa Von Ahn)

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