Pursuits
Toll Brothers Earnings Climb After Builder Raises Prices
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Toll Brothers Inc., the largest U.S. luxury-home builder, reported fiscal second-quarter profit that more than doubled as the company increased prices and delivered more properties.
Net income climbed to $65.2 million, or 35 cents a share, in the three months through April from $24.7 million, or 14 cents, a year earlier, the Horsham, Pennsylvania-based company said today in a statement. Revenue advanced 67 percent to $860 million.