Toll Brothers: Fiscal 1Q Earnings Snapshot
HORSHAM, Pa. (AP) _ Toll Brothers Inc. (TOL) on Tuesday reported fiscal first-quarter earnings of $56.9 million.
The Horsham, Pennsylvania-based company said it had net income of 41 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The home builder posted revenue of $1.33 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.42 billion.
Toll Brothers shares have climbed 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $44.28, a climb of 19% in the last 12 months.