Toll Brothers Inc. (TOL) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $475.41 million, or $4.63 per share. This compares with $445.54 million, or $4.11 per share, in last year's fourth quarter.
Excluding items, Toll Brothers Inc. reported adjusted earnings of $475.41 million or $4.63 per share for the period.
Analysts on average had expected the company to earn $4.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 10.4% to $3.333 billion from $3.020 billion last year.
Toll Brothers Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $475.41 Mln. vs. $445.54 Mln. last year.
-EPS (Q4): $4.63 vs. $4.11 last year.
-Revenue (Q4): $3.333 Bln vs. $3.020 Bln last year.
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