Net income for the three months through April was $24.7 million, or 14 cents a share, compared with $16.9 million, or 10 cents, a year earlier, Horsham, Pennsylvania-based Toll Brothers said today in a statement. The average of 14 analyst estimates was for earnings of 7 cents a share, according to data compiled by Bloomberg. The fiscal second-quarter results included a $13.2 million pretax gain tied to the settlement of litigation, writes Bloomberg.
Toll Brothers beats estimates in second-quarter report
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