Toll Brothers Inc. (TOL: Quote) reported fourth quarter net income of $2.35 per share Tuesday morning, up from $0.09 per share a year ago. The latest results included a net tax benefit of $350.7 million. The consensus estimate was for EPS of $0.23. Revenues increased to $632.83 million from $427.79 million. Analysts expected revenues of $566.74 million.
Toll Brothers has gapped up sharply Tuesday and is currently higher by 1.34 at $33.77. The stock has risen to a 1-month high and has re-crossed its 50-day moving average.
by RTT Staff Writer
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