Toll Brothers reports earnings of $27.3 million
Luxury homebuilder Toll Brothers reported earnings of $27.3 million or 16 cents per diluted share for the third quarter of fiscal 2010, compared with a loss of $2.93 per share in the third quarter of fiscal 2009.
Toll Brothers Inc. swung to a quarterly profit as the luxury home builder capitalized on a recovering housing market to record broad revenue growth, outweighing a rise in input costs.