D.R. Horton Inc., the largest U.S. homebuilder by revenue, reported fiscal first-quarter earnings that beat estimates as sales jumped. The shares rose as much as 6.1 percent.

Net income was $142.5 million, or 39 cents a share, for the three months ended Dec. 31, compared with $123.2 million, or 36 cents, a year earlier, the Fort Worth-based company said yesterday in a statement. Results for the quarter included $6 million in inventory and land option charges, according to the statement.