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published in Blogs
Aug 28, 2021
Toll Brothers (TOL, $64.45) Q2 earnings beats expectations

Toll Brothers (TOL, $64.45) Q2 earnings beats expectations

Toll Brothers  reported revenue that was close to analysts’ expectations. Its earnings topped estimates.

For the fiscal 2021 third quarter, ended July 31, the homebuilding company's revenue  came in at  $2.26 billion, up from $1.65 billion last year. Analysts polled by FactSet expected $2.25 billion.

Net income in the quarter was $234.9 million, or $1.87 per share, in the latest quarter, compared to $114.8 million, or $0.90 per share in the year-ago quarter. Analysts expected  $1.54 a share.

On Tuesday, Toll Brothers and Equity Residential, a company focused on the acquisition, development and management of residential rental properties,  announced a strategic partnership to develop new rental apartment communities in key U.S. markets.

 

Related Tickers: TOL