D.R. Horton Inc. -1.96% soared 6.4% to a new record in premarket trade on Thursday after the homebuilder announced a huge profit and revenue beating for the fiscal third-quarter and increased its outlook for the full year, as the supply of existing affordable homes is still limited. The quarter ended June 30, net income fell from $1.65billion, or $4.70 per share, to $1.34billion, or $3.93, beating the FactSet consensus estimate of $2.83. The revenue grew by 10.7%, to $9.73 Billion. This was well above the FactSet consensus estimate of $8.27 Billion. Homes closed increased by 8%, to 22,985 houses and 4% more in value at $8.7 Billion. Net sales orders rose 37%, to 22,879 houses and 26% more in value at $8.7 Billion. The company increased its revenue guidance for the full fiscal year to $34.7 billion from $31.5 to $33.0. The stock is up 43.4% in the last year, while S&P 500 (SPX, -0.56%) has risen 18.9%.