Toll Brothers Q2 Profit Climbs - Quick Facts

(RTTNews) - Luxury home-builder Toll Brothers, Inc. (TOL) reported a significant rise in second-quarter net income to $65.22 million, or $0.35 per share, from $24.67 million, or $0.14 per share, last year. On average, 20 analysts polled by Thomson Reuters expected earnings per share of $0.26 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly pre-tax income was $93.5 million, compared with $41.0 million in the prior-year quarter.

For the tri-monthly period, revenues of $860.4 million and homebuilding deliveries of 1,218 units rose 67% in dollars and 36% in units, compared with the prior year's totals of $516.0 million and 894 units. Eighteen analysts estimated revenues of $827.83 million for the quarter.