Toll Brothers Inc. (TOL) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $239.6 million, or $2.25 per share. This compares with $191.5 million, or $1.70 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.78 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.6% to $1.95 billion from $1.78 billion last year.
Toll Brothers Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $239.6 Mln. vs. $191.5 Mln. last year.
-EPS (Q1): $2.25 vs. $1.70 last year.
-Analyst Estimate: $1.78
-Revenue (Q1): $1.95 Bln vs. $1.78 Bln last year.
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