Toll Brothers: Fiscal 4Q Earnings Snapshot
HORSHAM, Pa. (AP) _ Toll Brothers Inc. (TOL) on Tuesday reported fiscal fourth-quarter net income of $311 million.
On a per-share basis, the Horsham, Pennsylvania-based company said it had profit of $2.08.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.
The home builder posted revenue of $2.46 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $2.33 billion.
For the year, the company reported profit of $748.2 million, or $4.85 per share. Revenue was reported as $7.14 billion.
Toll Brothers shares have fallen 30 percent since the beginning of the year. The stock has dropped 32 percent in the last 12 months.