Articles written by: Steven Goodstein

D.R. Horton Shares Drop Despite Earnings Beat as Homebuilder’s Fiscal-Year Guidance Misses Views

D.R. Horton Shares Drop Despite Earnings Beat as Homebuilder’s Fiscal-Year Guidance Misses Views

D.R. Horton (DHI) dropped 5% as the homebuilder’s revenue guidance for fiscal 2019 came in below market expectations. The Arlington, Texas-based company said it expects consolidated revenue between $16.7 billion and $17 billion, below Capital IQ’s consensus of $17.2 billion. D.R. Horton said it earned $0.93 per diluted per share in its fiscal second quarter, up from $0.91 in the […]

Philip Morris Warns It May Shut Down Hong Kong Research Center Amid Government Ban on E-Cigarettes

Philip Morris Warns It May Shut Down Hong Kong Research Center Amid Government Ban on E-Cigarettes

Philip Morris (PM) has warned that it could be forced to close its research facility for new smoking products in Hong Kong if the local government does not reverse its ban on e-cigarettes, the South China Morning Post reported. The tobacco producer spent HKD78 million ($10 million) to establish the Wong Chuk Hang facility, which opened last year. But the […]