(Reuters) - U.S. homebuilder D.R. Horton Inc reported a 57 percent rise in quarterly profit on Thursday, driven by higher demand for new homes in the spring season.
The company's net income rose to $453.8 million, or $1.18 per share in the third quarter ended June 30, from $289 million, or 76 cents per share, a year earlier.
Revenue rose 17.4 percent to $4.43 billion.
(Reporting by Arunima Banerjee and Sanjana Shivdas in Bengaluru; Editing by Bernard Orr)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)