logo
Share SHARE
FONT-SIZE Plus   Neg

NVR Q1 Profit Rises - Quick Facts

NVR Inc. (NVR) announced first-quarter net income of $20.12 million $3.90 per share, up from $15.17 million or $2.52 per share in the same quarter last year.

Homebuilding revenues rose to $586.20 million from $502.74 million in the year ago quarter. Consolidated revenues for the first quarter totaled $600.49 million, a 17% increase from $514.50 million for the comparable 2011 quarter.

New orders in the first quarter of 2012 increased 31% to 3,157 units, when compared to 2,403 units in the first quarter of 2011. The cancellation rate in the first quarter of 2012 was 10.3% compared to 12.3% in the first quarter of 2011 and 14.9% in the fourth quarter of 2011.

Analysts polled by Thomson Reuters expected the company to report earnings of $4.16 per share on revenues of $611.98 million for the quarter. Analysts' estimates typically exclude special items.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Jeff Bezos, the CEO of Amazon, has overtaken Berkshire Hathaway's founder Warren Buffet to become the third-richest person in the world, according to the Bloomberg Billionaires Index. Bezos is now behind clothing retailer Zara's founder Amancio Ortega, who is now second, and Bill Gates, co-founder... The White House has announced new initiative to fight climate change, curb usage of fossil fuels and increase access to clean energy by pushing the use of electric vehicles. The Obama administration announced a series of actions from the Federal government, private sector, and states, as well as... Telecom giant Verizon Communications Inc. is reportedly very close to a deal to buy the core business of struggling internet company Yahoo Inc. Verizon has trumped out rival bidders and is close to acquire Yahoo's core internet business, reported Bloomberg News, citing people familiar with the matter. Verizon...
comments powered by Disqus
Follow RTT