FORT WASHINGTON, Pa. (AP) — FORT WASHINGTON, Pa. (AP) — Toll Brothers Inc. (TOL) on Tuesday reported fiscal first-quarter net income of $191.5 million.
On a per-share basis, the Fort Washington, Pennsylvania-based company said it had net income of $1.70.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The home builder posted revenue of $1.78 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $1.74 billion.
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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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