NVR reports $60.6 million profit for fourth quarter

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Reston-based NVR Inc, one of the nation’s largest homebuilding and mortgage banking companies, recorded a fourth quarter profit of $60.6 million, or $9.61 per diluted share. The company had a net loss of $30.5 million in the same period in 2008.
Consolidated revenues for the fourth quarter of 2009 totaled $745.8 million, an 18 percent decrease from $910.2 million from the fourth quarter of 2008.
For all of 2009, consolidated revenues were $2.7 billion, down 26 percent from $3.69 billion in 2008.
Net income for 2009 was $192.2 million, up from $100.9 million for 2008. Diluted earnings per share for 2009 was $31.26, an increase of 83 percent from $17.04 in 2008.


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