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Toll Brothers Inc. Reveals Increase In Q1 Income, Beats estimates

Toll Brothers Inc. (TOL) reported a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $151.9 million, or $1.24 per share. This compares with $96.5 million, or $0.76 per share, in last year's first quarter.

Analysts on average had expected the company to earn $1.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.7% to $1.79 billion from $1.56 billion last year.

Toll Brothers Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $151.9 Mln. vs. $96.5 Mln. last year.
-EPS (Q1): $1.24 vs. $0.76 last year.
-Analyst Estimate: $1.15
-Revenue (Q1): $1.79 Bln vs. $1.56 Bln last year.

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