NVR Inc. recently revealed a drop in profits for the final quarter compared to the previous year, but still managed to surpass predictions from Wall Street. The company's net profits reached a total of $410.08 million, equivalent to $121.56 per share, in comparison to $451.77 million, or $133.44 per share, reported in the same quarter last year.
It was expected, according to data Collated by Thomson Reuters, that the firm would report a profit per share of $121.5. However, it should be noted that such estimations are usually exclusive of special items.
The company's revenue for the quarter saw a decrease of 10.5%, falling to $2.39 billion from the previous year's $2.67 billion.
To give a quick overview of NVR Inc.'s earnings based on Generally Accepted Accounting Principles (GAAP):
- The earnings for Q4 stood at $410.08 million, a decrease from the previous year's $451.77 million.
- The earnings per share (EPS) for Q4 was $121.56, down from $133.44 last year.
- The anticipated earnings per share were at $121.5.
- The revenue for Q4 was at $2.39 billion, a drop from $2.67 billion last year.
