NVR beats fourth-quarter profit estimates on strong pricing
ReutersJan 28, 2025 2:40 PM
Jan 28 (Reuters) - U.S. homebuilder NVR Inc NVR.N beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by higher pricing of home units.
The average sales price of new orders in the fourth quarter of 2024 was $469,000, up 4% from last year.
However, new orders for quarter ended Dec. 31 fell to 4,794 units, or about 8%, from 5,190 units last year.
NVR's earnings per share for the October-to-December quarter came in at $139.93, above analysts' average estimates of $127.08.
Consolidated revenues rose 17% to $2.85 billion from a year earlier, beating estimates of $2.68 billion, according to data compiled by LSEG.
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