NVR, Inc. (NVR) Misses Q2 EPS Views

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NVR, Inc. Announces Second Quarter Results

July 21, 2016 9:00 AM EDT

RESTON, Va., July 21, 2016 /PRNewswire/ -- NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its second quarter ended June 30, 2016 of $91,676,000, or $22.01 per diluted share. Net income for its second quarter ended June 30, 2016 decreased 2% when compared to the second quarter of 2015. Diluted earnings per share was flat when compared to the second quarter of 2015. Consolidated revenues for the second quarter of 2016 totaled $1,388,183,000, a 12% increase from $1,243,633,000 for the comparable 2015 quarter.

For the six months ended June 30, 2016, consolidated revenues were $2,532,209,000, 15% higher than... More