(Corrects paragraph 3 to say revenue rose 32 percent not 31
Feb 20 Toll Brothers Inc, the largest
luxury homebuilder in the United States, reported a quarterly
profit compared with a loss in the previous year and said new
orders jumped 49 percent.
Net income for the first quarter was $4.4 million, or 3
cents per share, compared with a loss of $2.8 million, or 2
cents per share, a year earlier.
Revenue rose 32 percent to $424.6 million.
Homebuilders D.R Horton and Pultegroup
reported better-than-expected quarterly profits last month as
new homes were in low supply.
(Reporting by Mridhula Raghavan in Bangalore; Editing by
Sreejiraj Eluvangal, Roshni Menon)