NVR Inc. Reports 58% Rise In Q1 Earnings

(RTTNews) - NVR Inc. (NVR) reported earnings for its first quarter that rose compared to the same period last year.

The company said its bottom line advanced to $102.92 million, or $25.12 per share. This was up from $65.30 million, or $15.79 per share, in last year's first quarter.

Analysts had expected the company to earn $21.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.6% to $1.25 billion. This was up from $1.12 billion last year.

NVR Inc. earnings at a glance:

-Earnings (Q1): $102.92 Mln. vs. $65.30 Mln. last year. -Earnings Growth (Y-o-Y): 57.6% -EPS (Q1): $25.12 vs. $15.79 last year. -EPS Growth (Y-o-Y): 59.1% -Analysts Estimate: $21.03 -Revenue (Q1): $1.25 Bln vs. $1.12 Bln last year. -Revenue Change (Y-o-Y): 11.6%