UPDATE: Toll Brothers FQ2 Profit Rises 46%
May 22, 2013 at 06:56 AM EDT
Toll Brothers (NYSE: TOL ) reported a 46% rise in its fiscal second-quarter profit. Toll Brothers' quarterly profit surged to $24.7 million, or $0.14 per share, from $16.9 million, or $0.10 per share, in the year-ago period. Its revenue rose 38% to $516 million. However, analysts were estimating earnings of