NVR Inc. Bottom Line Rises 67% In Q1

(RTTNews) - NVR Inc. (NVR) announced a profit for its first quarter that rose from last year.

The company said its bottom line came in at $65.30 million, or $15.79 per share. This was higher than $39.06 million, or $9.22 per share, in last year's first quarter.

Analysts had expected the company to earn $14.96 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.1% to $1.12 billion. This was up from $0.94 billion last year.

NVR Inc. earnings at a glance:

-Earnings (Q1): $65.30 Mln. vs. $39.06 Mln. last year. -Earnings Growth (Y-o-Y): 67.2% -EPS (Q1): $15.79 vs. $9.22 last year. -EPS Growth (Y-o-Y): 71.3% -Analysts Estimate: $14.96 -Revenue (Q1): $1.12 Bln vs. $0.94 Bln last year. -Revenue Change (Y-o-Y): 19.1%