NVR Stock Down as Q3 Earnings Lag, Homebuilding Revenues Top
NVRNVR(NVR) ZACKS·2024-10-23 21:26

NVR, Inc. (NVR) reported mixed third-quarter 2024 results, with earnings missing the Zacks Consensus Estimate and Homebuilding revenues surpassing the same. On the other hand, both metrics increased on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.This upside was backed by improved demand trends, which resulted in higher settlements. Although the cancellation rate increased in the quarter, growth in new orders is encouraging for the company.Shares of this le ...