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CORRECTED-Toll Brothers posts profit in 1st quarter, new orders jump 49 pct
February 20, 2013 / 10:16 AM / 5 years ago

CORRECTED-Toll Brothers posts profit in 1st quarter, new orders jump 49 pct

(Corrects paragraph 3 to say revenue rose 32 percent not 31 percent)

Feb 20 (Reuters) - 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)

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