Luxury-Home Builder Toll Brothers Beats Q2 Profit, Revenue Estimates

Whilst everyone out there who would like to buy a residence seems to be fighting off various presents, Toll Brothers, which builds luxurious residences, seems to be doing just wonderful, even as desire premiums increase.

The Fort Washington, Pa., homebuilder blew absent Wall Street estimates for its fiscal next quarter ended April 30.

Toll Brothers earned $220.6 million, or $1.85 a share in the quarter compared with $1.01 in the calendar year-earlier quarter. Earnings jumped 18% to $2.28 billion from $1.93 billion.

A study of analysts by FactSet had been on the lookout for quarterly earnings of $1.50 a share on full income of $2.08 billion.