Toll Brothers revenue jumps 23.5 percent
A single family home is shown under construction by Toll Brothers Inc, the largest U.S. luxury homebuilder, in Carlsbad, CaliforniaThomson Reuters
(Reuters) - U.S. luxury homebuilder Toll Brothers Inc reported a 23.5 percent rise in quarterly revenue, boosted by an increase in home sales and prices.
The company said its net income rose to $105.5 million, or 61 cents per share, in the third quarter ended July 31 from $66.7 million, or 36 cents per share, a year earlier.
Revenue rose to $1.27 billion from $1.03 billion.
(Reporting by Arunima Banerjee in Bengaluru; Editing by Sunil Nair)
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