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Stock impact report

NVR Earnings Blow Out Views; Homebuilder Clears Buy Point [Investor's Business Daily]

PulteGroup, Inc. (PHM) 
Last pultegroup, inc. earnings: 4/23 06:30 am Check Earnings Report
Related news Top stock NVR ( NVR ) cleared a buy point after the homebuilder demolished earnings estimates. But other homebuilder stocks were lower. NVR earnings per share jumped 21% to $47.64. Analysts had expected NVR earnings to decline. Revenue also defied expectations for a contraction by popping 10% to $1.467 billion. It was the tenth quarter in succession of double-digit earnings growth for the firm, and the fifth straight for double-digit revenue growth. Mortgages were a bright spot, with closed loan production jumping 13% to $1.14 billion. In addition income before tax from the mortgage banking segment was up 35% to $30.2 million. Q1 settlements rose 15% to 4,493 units, However it was not all good news for NVR. New orders of 5,139 units fell 0.7% in Q1. The average sales price of new orders slipped 3% to $367,000. In addition gross profit margin narrowed to 18.5%, down from 18.7%. Shares rallied 5.8% to 3,263.47 on the stock market today , a 52-week high. NVR stock cleared a Show less Read more
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