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:
- 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.
