Boston, MA 01/31/2014 (wallstreetpr) – D.R. Horton Inc. (NYSE:DHI) an important player in the US housing market, returned good investor faith by turning in high net profit for the first quarter. The company reported first quarter EPS of $0.36 beating estimates by $0.07 along with yearly revenue gain of 33.3% valued at $1.64 Billion.
D. R. Horton Inc. (NYSE:DHI) reported net profit of 86% at $123.2 million. The major segment to perform well for the company was the home sales segment, which recorded over $1.63 billion and 33% increase over last year. The average sales price was nearly 10% more, closing at $275,600. The chairman of DHI also offered positive guidance for the next quarter, given the ‘solid balance sheet’ and the increase in weekly sales across January.
One of Cliffs Natural Resources Inc. (NYSE:CLF) shareholders Casablanca Capital, an activist fund, has been seeking a break-up of the mining company. The investor has proposed that the mining company divide its businesses, spinning the US-based mining and Iron ore and coal operations separate from other international businesses it operates. However, this idea does not appear to gain traction from other analysts. Moodys’ was first to point out that this would not be a sustainable investment approach for the mining company.
Others such as Liam Denning, from TheStreet says Cliffs Natural Resources Inc. (NYSE:CLF) points out that the mining company fails to meet the Hess Test.
Exelon Corporation (NYSE:EXC) the utility company with diversified services, says Liam Denning may be in the midst of a ‘death-spiral thesis,’ as are other utility companies in this sector. He reasons that the continued subsidy as well as the drop in the costs of technology has led to solar power consumption growth curve. Traditional utilities should see the long-term threat as more consumers move to solar power consumption. Exelon Corporation (NYSE:EXC) has since declared dividend of $0.31 for the quarter reporting forward yield of 4.42%.
