RESTON, Va. (AP) — RESTON, Va. (AP) — NVR Inc. (NVR) on Tuesday reported fourth-quarter net income of $410.1 million.
On a per-share basis, the Reston, Virginia-based company said it had net income of $121.56.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $118.63 per share.
The homebuilder posted revenue of $2.39 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $2.57 billion.
For the year, the company reported profit of $1.59 billion, or $463.31 per share. Revenue was reported as $9.31 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
