Toll Reports $70 Million Profit
Builder Online
Toll Brothers, Inc., Horsham, Pa. (NYSE:TOL) on Wednesday reported net income of $70.4 million, or $0.42 per share, for its first fiscal quarter ended Jan. 31, compared to net income of $73.2 million and $0.40 per share diluted in FY 2016’s first quarter. Analysts were anticipating a gain of $0.34 per share. The results included pre-tax inventory write-downs totaling $4.7 million, compared to $1.3 million in FY 2016’s first quarter.
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