HORSHAM, Pa. (AP) _ Toll Brothers Inc. (TOL) on Tuesday reported fiscal third-quarter profit of $146.3 million.
The Horsham, Pennsylvania-based company said it had profit of $1 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.
The home builder posted revenue of $1.77 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $1.7 billion.
Toll Brothers shares have increased 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $36.95, an increase of slightly more than 6% in the last 12 months.