NVR beats fourth-quarter profit estimates on strong pricing

NVR

28/01/2025 14:40

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.

 (Reporting by Aishwarya Jain in Bengaluru; Editing by Shailesh
Kuber)
 ((Aishwarya.Jain@thomsonreuters.com;))