Toll Brothers’ earnings up

Toll Brothers reported that revenues and home building deliveries of $319.7 million and 591 units rose 3% in dollars and 9% in units in this second-quarter compared to FY 2010′s second-quarter results.

May 26, 2011
toll brothers, housing market, residential building, building earnings

Toll Brothers reported a rise in revenue, according to nothingbutbuzz.com.The revenues and home building deliveries of $319.7 million and 591 units rose 3% in dollars and 9% in units in this second-quarter compared to FY 2010′s second-quarter results.

The loss narrowed to $20.8 million (loss of 12 cents/diluted share) from $40.4 million (loss of 24 cents/share) in the same quarter a year earlier.

This fell short of the mean analyst estimate of a loss of 4 cents/share. Estimates ranged from a loss of 16 cents per share to a profit of 3 cents per share.

The company’s revenue has now risen for two straight quarters. In the first quarter, revenue increased 2.3% to $334.1 million from the year earlier quarter.

For more information: www.nothingbutbuzz.com/toll-brothers-inc-nysetol-shares-climbs-on-solid-earnings/864518/

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