NVR Q4 Earnings Beat, Homebuilding Revenues Lag, Orders Up 25%
D.R. Horton(DHI) Zacks Investment Research·2024-02-01 01:51
NVR, Inc. (NVR) reported mixed fourth-quarter 2023 results, with earnings surpassing the Zacks Consensus Estimate and Homebuilding revenues missing the same. Both the top and bottom lines decreased on a year-over-year basis due to softened housing demand, given higher mortgage rates during the period.Shares of this leading homebuilder inched up 0.2% during the trading session on Jan 30, 2024.Inside the NumbersThe company reported earnings of $121.56 per share, which topped the consensus mark of $118.63 by 2 ...