NVR Inc. Reveals Drop In Q1 Profit, Misses Estimates

(RTTNews) - NVR Inc. (NVR) reported a profit for first quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $299.58 million, or $94.83 per share. This compares with $394.27 million, or $116.41 per share, last year.

Analysts on average had expected the company to earn $106.07 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 2.8% to $2.350 billion from $2.286 billion last year.

NVR Inc. earnings at a glance (GAAP) :

-Earnings: $299.58 Mln. vs. $394.27 Mln. last year. -EPS: $94.83 vs. $116.41 last year. -Revenue: $2.350 Bln vs. $2.286 Bln last year.