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D.R. Horton sees Q3 revenue $8.4B-$8.9B, consensus $9.94B

Sees Q3 homes closed 22,000-22,500. Sees Q3 gross margin 21%-21.5%. Sees Q3 gross profit margin 13.3%-13.5%. Sees FY25 tax rate 24%. Says homebuyers have been more cautious. Says expects incentive costs to increase over the next few months. Says acknowledges volatility and uncertainty in the economy. Comments and guidance taken from Q2 earnings conference call.

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