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Toll Brothers: Fiscal 4Q Earnings Snapshot

Associated Press
Updated

HORSHAM, Pa. (AP) _ Toll Brothers Inc. (TOL) on Monday reported fiscal fourth-quarter earnings of $202.3 million.

The Horsham, Pennsylvania-based company said it had profit of $1.41 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The home builder posted revenue of $2.38 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $2.18 billion.

For the year, the company reported profit of $590 million, or $4.03 per share. Revenue was reported as $7.22 billion.

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Toll Brothers shares have climbed 26% since the beginning of the year. In the final minutes of trading on Monday, shares hit $41.43, a rise of 25% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TOL at https://www.zacks.com/ap/TOL