NVR (NVR) reported Q1 net income Tuesday of $94.83 per diluted share, down from $116.41 a year earlier.
Analysts polled by FactSet expected $106.08.
Revenue for the quarter ended March 31 was $2.35 billion, up from $2.29 billion a year earlier.
Analysts surveyed by FactSet expected $2.36 billion.