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Toll Brothers profit jumps 67.8 pct
December 5, 2017 / 10:10 AM / 9 days ago

Toll Brothers profit jumps 67.8 pct

Dec 5 (Reuters) - U.S. luxury homebuilder Toll Brothers Inc reported a 67.8 percent jump in quarterly profit, partly boosted by an increase in home sales and prices.

The company’s net income rose to $191.9 million, or $1.17 per share, in the fourth quarter ended Oct. 31, from $114.4 million, or 67 cents per share, a year earlier.

The year-ago quarter was hit by a $121.2 million warranty charge.

Revenue rose 9.3 percent to $2.03 billion. (Reporting by Arunima Banerjee in Bengaluru; Editing by Saumyadeb Chakrabarty)

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