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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.

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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