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Toll Brothers Inc. Reports Drop In Q2 Bottom Line

Toll Brothers Inc. (TOL) announced earnings for second quarter that dropped from the same period last year.

The company's profit totaled $111.81 million, or $0.72 per share. This compares with $124.64 million, or $0.73 per share, in last year's second quarter.

Analysts had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 17.6% to $1.60 billion from $1.36 billion last year.

Toll Brothers Inc. earnings at a glance:

-Earnings (Q2): $111.81 Mln. vs. $124.64 Mln. last year.
-EPS (Q2): $0.72 vs. $0.73 last year.
-Analysts Estimate: $0.76
-Revenue (Q2): $1.60 Bln vs. $1.36 Bln last year.

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