NASDAQ:HONR:HOBBARD:HOUSE:SPIDER HOUSEHOLDERSHouse of ancients,Hobbs and House of Spiders, the home-building giant that’s owned by the billionaire Warren Buffett, announced Monday that its shares reached new records for the third consecutive day.
The company posted a record quarterly profit of $6.8 billion, or $1.85 per share, according to a report by Bloomberg.
Buffett owns roughly 6 percent of the company.
The company also reported a net loss of $857 million for the quarter, which ended March 25.
“This is an exciting time for housing,” Buffett said in a statement.
“The market is rebounding and we expect to continue to outperform our peers.”
The stock surged more than 5 percent after the release of Buffett’s statement, closing at $1,192.93 on Monday.
The Dow Jones Industrial Average gained 7.7 percent.
Shares of Berkshire Hathaway Inc. BKAY, -0.62% surged $1 in after-hours trading.
Buffett’s investment in the company is expected to be worth more than $400 billion.HOBBS’ HOUSE OF ANIUSHouse of Anius, a home-design and construction company, reported record quarterly revenue of $2.1 billion and net income of $3.4 billion, respectively.
The shares are up 11.7% this year.HOLBARD’S HOUSE OF SPIDERSHouse Spiders Inc. HOS, +0.00% and House Spiders Home Design Group Inc. SHPX, +1.23% reported record operating profit of about $8 million, or 5 cents per share.
The home-improvement company’s share price rose about 4.6% after the announcement.
Hobbes, the billionaire and CEO of the Berkshire Hathway Corporation, owns about 2.5 percent of House Spider House.HORROWLAND HOMEOWNERSHORRYLAND, a builder of houses and commercial real estate, said its third-quarter profit topped analyst expectations of $1 million, beating Wall Street estimates of $900 million.
The stock rose 7.8 percent after it was up 1.7%, while the Dow Jones industrials dropped 7.4 percent.HUSCHMANN’S HOMEOWNERHUSMANN, a real estate and engineering company, said it had revenue of about half a billion dollars, or about $1 billion, for the year.
It reported a loss of about 1.5 billion dollars for the fourth quarter, though it expects to come in ahead of Wall Street expectations.HURRICANE SHOCKFITSHURRICANESHURRICOFS, a construction and real estate company, has raised $11.7 billion, including a $6 billion cash infusion, to help it keep its headquarters and construction business operating.
The home-retail company, which employs about 3,000 people, said on Monday that it expected to close its second quarter profit of nearly $2 billion, beating analysts expectations of about a third of that amount.
The Dow Jones industrial average fell 4.5 points, or 0.8%, to 16,069.83, the S&P 500 lost 1.9 points, 0.7%.