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NVR Q3 net income rises 16.2% YOY

Homebuilder and mortgage banking company NVR Inc. reported net income for the third quarter of $223.8 million, or $56.11 per share, a rise of 16.2% on a per-share basis from $195.8 million, or $48.28 per share, in the third quarter of 2018.

The S&P Global Market Intelligence consensus EPS estimate for the quarter was $51.52.

Consolidated revenues grew 3% on an annual basis to $1.91 billion from about $1.85 billion. Homebuilding revenues for the quarter grew on an annual basis to $1.87 billion from $1.81 billion.