(Corrects paragraph 2 to say net income ‘fell’, not ‘rose’)
May 22 (Reuters) - U.S. luxury homebuilder Toll Brothers Inc reported on Tuesday a 17.3 percent rise in quarterly revenue, boosted by strong demand for its homes despite rising home-loan rates.
The company’s net income fell to $111.8 million, or 72 cents per share, in the second quarter ended April 30, from $124.6 million, or 73 cents per share, a year earlier.
Revenue rose to $1.59 billion from $1.36 billion. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Arun Koyyur)