August 20, 2019 / 8:38 PM / a month ago

Toll Brothers quarterly profit falls 24%

Aug 20 (Reuters) - U.S. luxury homebuilder Toll Brothers Inc posted a 24% fall in quarterly profit on Tuesday, hit by slower demand and shrinking gross margins from home sales.

Net income fell to $146.3 million, or $1.00 per share, in the third quarter ended July 31 from $193.3 million, or $1.26 per share, a year earlier.

Revenue fell 7.7% to $1.77 billion. (Reporting by Dominic Roshan K.L. in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below