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In 3Q16, the value of $DHI's net sales orders increased 14% to $3.4Bil versus 3Q15. Avg. sales price on net sales orders was $293,300. The cancellation rate was 21%. Backlog conversion rate was 78% at the midpoint of the guidance range given in 2Q16. Gross profit margin on home sales revenue was 20.3%, up 40BP from 2Q16.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.
Wanna know what $TSLA announced yesterday? Watch the video!! Tesla Self-Driving Car Level 5 Autonomy. This is crazy!!
Construction equipment supplier $URI reported that in U.S., the employment report for September was encouraging. Geographically, the company is experiencing growth in the east and west coast regions. $URI added that in Canada, the economy is challenging. Rental revenue from Canada was down approx. 10% in 3Q16.