Toll Brothers: Fiscal Q4 Earnings Snapshot

Audio By Carbonatix

FORT WASHINGTON, Pa. (AP) — FORT WASHINGTON, Pa. (AP) — Toll Brothers Inc. (TOL) on Monday reported fiscal fourth-quarter net income of $475.4 million.

On a per-share basis, the Fort Washington, Pennsylvania-based company said it had profit of $4.63.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.30 per share.

The home builder posted revenue of $3.33 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $3.17 billion.

For the year, the company reported profit of $1.57 billion, or $15.01 per share. Revenue was reported as $10.85 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TOL at https://www.zacks.com/ap/TOL