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.
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