Toll Brothers Reports Strong Quarterly Profit Growth of 9.71%
Quarterly Revenue Sees Moderate Increase of 1.86%, Reflecting Toll Brothers' Financial Stability
Toll Brothers Inc. [TOL] reported a net profit of $374.6 million for the third quarter ended July 31, 2024. This figure reflects a decrease from the previous quarter's net income.
The company, headquartered in Fort Washington, Pennsylvania, reported to SEC in an 8-K filing $3.60 earnings per share in the quarter, compared to $3.73 in the previous quarter.
Toll Brothers Inc., a prominent player in the Real Estate - Residential Construction sector, reported total revenues of $2.72 billion. This represents a 1.86% increase compared to the previous quarter's revenue figures.
In comparison to the same quarter in the previous year, Toll Brothers Inc. saw a slight decrease in revenue, with a revenue decline of 0.36%. Additionally, the company experienced a profit decrease of 9.71% in the current quarter compared to the same quarter in the previous year.
As of August 19, 2024 end of day trading.
