HORSHAM, Pa. (AP) _ Toll Brothers Inc. (TOL) on Tuesday reported fiscal third-quarter profit of $193.3 million.
The Horsham, Pennsylvania-based company said it had net income of $1.26 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The home builder posted revenue of $1.91 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.81 billion.
Toll Brothers shares have declined 28 percent since the beginning of the year. The stock has decreased 9 percent in the last 12 months.