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D.R. Horton sees Q3 revenue $8B-$8.5B, consensus $7.12B

Sees Q3 homes closed 20,000-21,000. Sees FY23 homes closed 77,000-80,000. Sees FY23 tax rate 24%. Says experiences cost increases due to inflationary environment. Says ended quarter with 43,600 homes in inventory. Says construction cycle time decreased to 12 days from Q1. Comments and guidance taken from Q2 earnings conference call.

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