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NVR beats 3Q profit forecasts

RESTON, Va. (AP) _ NVR Inc. (NVR) on Thursday reported third-quarter earnings of $162.1 million.

On a per-share basis, the Reston, Virginia-based company said it had profit of $38.02.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $36.11 per share.

The homebuilder posted revenue of $1.63 billion in the period.

NVR shares have increased 74 percent since the beginning of the year. The stock has risen 81 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVR at https://www.zacks.com/ap/NVR