Toll Brothers Q1 Profit Rises - Quick Facts

(RTTNews) - Toll Brothers, Inc. (TOL), the nation's leading builder of luxury homes, reported that its first-quarter net income increased to $81.3 million, or $0.44 per share from $45.6 million, or $0.25 per share, last year.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.30 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $853.5 million, up 33% in dollars from prior year. Home building deliveries were 1,091 units, an increase of 18%, compared to a year ago. Analysts expected revenue of $780.86 million for the quarter.

In updating its guidance, the company now expects to deliver between 5,200 and 6,000 homes in fiscal 2015 at an average price of $725 thousand to $760 thousand, compared to previous guidance of 5 thousand to 6 thousand homes at an average price of $710 thousand to $760 thousand.