NVR Inc. Bottom Line Advances 61% In Q2

(RTTNews) - NVR Inc. (NVR) announced earnings for its second quarter that gained ground from last year.

The company said its bottom line advanced to $147.88 million, or $35.19 per share. This was up from $91.68 million, or $22.01 per share, in last year's second quarter.

Analysts had expected the company to earn $28.89 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.0% to $1.51 billion. This was up from $1.36 billion last year.

NVR Inc. earnings at a glance:

-Earnings (Q2): $147.88 Mln. vs. $91.68 Mln. last year. -Earnings Growth (Y-o-Y): 61.3% -EPS (Q2): $35.19 vs. $22.01 last year. -EPS Growth (Y-o-Y): 59.9% -Analysts Estimate: $28.89 -Revenue (Q2): $1.51 Bln vs. $1.36 Bln last year. -Revenue Change (Y-o-Y): 11.0%