NVR Inc. Bottom Line Climbs In Q2, but misses estimates

(RTTNews) - NVR Inc. (NVR) announced a profit for its second quarter that increased from the same period last year but missed the Street estimates.

The company's earnings totaled $433.31 million, or $123.65 per share. This compares with $321.30 million, or $82.45 per share, in last year's second quarter.

Analysts on average had expected the company to earn $126.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 17.6% to $2.61 billion from $2.22 billion last year.

NVR Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $433.31 Mln. vs. $321.30 Mln. last year. -EPS (Q2): $123.65 vs. $82.45 last year. -Analyst Estimate: $126.77 -Revenue (Q2): $2.61 Bln vs. $2.22 Bln last year.