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
Most Popular Articles
Latest Articles
Labor market report is good news for mortgage rates
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected, which is good news for mortgage rates.
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts
-
NAR settlement terms slated to go into effect in mid-August