Nvr announces first quarter results

Nvr, inc. announces first quarter results.q1 earnings per share $44.96.q1 earnings per share estimate $45.61 -- refinitiv ibes data.q1 revenue $1.583 billion versus $1.687 billion.new orders in q1 of 2020 decreased by 2% to 5,015 units.average sales price of new orders in q1 of 2020 was $372,300, an increase of 1%.cancellation rate in q1 of 2020 was 21% compared to 14%.in march, experienced an increase in sales cancellations and a decrease in new orders due to impact of covid-19.settlements decreased in q1 of 2020 to 4,230 units, which was 6% lower.backlog of homes sold but not settled as of march 31, 2020 of 9,018 units and $3.44 billion was flat.
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