Toll Brothers: Fiscal 3Q Earnings Snapshot

August 21, 2018

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TOL at https://www.zacks.com/ap/TOL

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