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Stock impact report

NVR Q1 Earnings Miss Estimates, Homebuilding Revenues Rise Y/Y [Yahoo! Finance]

NVR, Inc. (NVR) 
Last nvr, inc. earnings: 4/23 09:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Homebuilding revenues increased year over year, while the bottom line declined from the prior-year quarter's figure. For the quarter, the Homebuilding segment reported a modest increase in settlements and settlement prices, while new orders and average sales prices declined. The backlog weakened, and gross margins compressed due to higher lot costs and affordability pressures. Meanwhile, mortgage banking operations posted gains in both closed loan production and segment income. The company reported earnings of $94.83 per share, missing the Zacks Consensus Estimate of $107.87 by 12.1%. The reported figure decreased 18.5% from the prior-year quarter's earnings of $116.41 per share. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Homebuilding revenues of $2.35 billion missed the consensus mark of $2.38 billion by 1%. Consolidated revenues (Homebuilding & Mortgage Banking fees combined) amounted to $2.40 billion, up 3% on a year-over-year basis. NVR, Inc. Show less Read more
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