NVR: Q1 Earnings Snapshot
By AP News
Published - Apr 23, 2024, 09:12 AM ET
Last Updated - Apr 23, 2024, 09:12 AM EDT
RESTON, Va. (AP) — RESTON, Va. (AP) — NVR Inc. (NVR) on Tuesday reported first-quarter profit of $394.3 million.
On a per-share basis, the Reston, Virginia-based company said it had net income of $116.41.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $106.03 per share.
The homebuilder posted revenue of $2.29 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.15 billion.
