Toll Brothers Inc. (TOL) reported that its second-quarter net income increased to $24.67 million or $0.14 per share from $16.87 million or $0.10 per share last year. The company's second quarter result included a pre-tax gain of $13.2 million in other income associated with the settlement of derivative litigation.
Revenues rose to $516.00 million from $373.68 million last year.
On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.07 for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $511.06 million for the quarter.
For comments and feedback: editorial@rttnews.com