NVR Q2 Profit Rises - Quick Facts

(RTTNews) - NVR, Inc. (NVR), one of the nation's largest homebuilding and mortgage banking companies, reported second quarter net income of $93.4 million or $21.91 per share compared to $68.2 million or $15.17 per share, last year.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $19.09 for the quarter. Analysts' estimates typically exclude special items.

Consolidated revenues totaled $1.24 billion, a 13% increase from $1.10 billion, prior year. Analysts expected revenue of $1.30 billion for the quarter.

Homebuilding revenues for the three months ended June 30, 2015 totaled $1.22 billion, 13% higher than the year earlier period. New orders in the second quarter of 2015 increased 11% to 3,796 units.