RESTON, Va. (AP) — RESTON, Va. (AP) — NVR Inc. (NVR) on Tuesday reported fourth-quarter profit of $457.4 million.
The Reston, Virginia-based company said it had profit of $139.93 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $126.41 per share.
The homebuilder posted revenue of $2.78 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $2.69 billion.
For the year, the company reported profit of $1.68 billion, or $506.69 per share. Revenue was reported as $10.29 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVR at https://www.zacks.com/ap/NVR
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