D.R. Horton Inc. turned a profit in its fiscal second quarter, reporting a 19% increase in completed home sales. The homebuilder reported a 55% spike in new home orders as its results outpaced analysts' expectations. Builders have enjoyed a bump in sales this year as buyers scurry to grab expiring federal tax credits that end April 30 at midnight. However, California recently extended a $10,000 credit for purchasers of new homes. D.R. Horton earned $11.4 million, or 4 cents a share, for the three months ended March 31. A year earlier, it had a loss of $108.6 million, or 34 cents a share. Revenue was $896.8 million, up 16% from $775.3 million.
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