FORT WASHINGTON, Pa. (AP) 鈥� FORT WASHINGTON, Pa. (AP) 鈥� Toll Brothers Inc. (TOL) on Tuesday reported fiscal second-quarter net income of $260.6 million.
On a per-share basis, the Fort Washington, Pennsylvania-based company said it had profit of $2.72.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.58 per share.
The home builder posted revenue of $2.53 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $2.41 billion.
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