NVR Earnings: Here’s Why Shares are Down Now
NVR Inc. (NYSE:NVR) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.07%.
NVR Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 75.38% to $6.84 in the quarter versus EPS of $3.90 in the year-earlier quarter.
Revenue: Rose 27.71% to $770.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: NVR Inc. reported adjusted EPS income of $6.84 per share. By that measure, the company missed the mean analyst estimate of $8.05. It missed the average revenue estimate of $840.94 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…