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FX.co ★ NVR Inc. Reports Rise In Q4 Profit, Beats Estimates

NVR Inc. Reports Rise In Q4 Profit, Beats Estimates

NVR Inc. has announced a remarkable increase in its fourth-quarter earnings compared to the previous year, surpassing Wall Street's expectations. The company reported net earnings of $457.43 million, translating to $139.03 per share, a significant rise from last year's $410.07 million or $121.56 per share. This performance exceeded analysts' expectations, who had projected earnings at $129.35 per share, noting that these estimates usually exclude any special items.

Meanwhile, the company's revenue experienced a robust growth of 16.5%, climbing to $2.780 billion from $2.387 billion in the same quarter last year.

Key financial highlights for NVR Inc., according to Generally Accepted Accounting Principles (GAAP), are as follows:

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- Earnings: $457.43 million compared to $410.07 million last year.

- Earnings Per Share (EPS): $139.03, up from $121.56 last year.

- Revenue: $2.780 billion, an increase from $2.387 billion last year.

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