Toll Brothers Inc. (TOL) revealed a profit for its second quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $481.6 million, or $4.55 per share. This compares with $320.2 million, or $2.85 per share, in last year's second quarter.
Analysts on average had expected the company to earn $4.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.7% to $2.83 billion from $2.51 billion last year.
Toll Brothers Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $481.6 Mln. vs. $320.2 Mln. last year.
-EPS (Q2): $4.55 vs. $2.85 last year.
-Revenue (Q2): $2.83 Bln vs. $2.51 Bln last year.
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