Toll Brothers Reports Lower-Than-Expected Q1 Earnings, Revenue
FORT WASHINGTON, Pa. (AP) - Toll Brothers Inc. (TOL) reported a net income of $177.7 million for its fiscal first quarter, translating to $1.75 per share. While these results fell short of Wall Street anticipations, the company's revenue of $1.86 billion also missed analyst expectations.
Analysts surveyed by Zacks Investment Research had projected earnings of $1.99 per share and revenue of $1.9 billion.
This financial news was generated via Automated Insights using data from Zacks Investment Research.