Toll Brothers profit jumps 78 pct on higher home sales, prices
Feb 24 (Reuters) - Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a 78 percent jump in quarterly profit as it sold more homes at higher prices.
The company's net income rose to $81.3 million, or 44 cents per share, in the first quarter ended Jan. 31, from $45.6 million, or 25 cents per share, a year earlier. (http://bit.ly/1LyAoPH)
Total revenue rose 33 percent to $853.5 million.
The number of homes finished rose 18 percent to 1,091, while the average selling price rose 13 percent to $782,300, the company said.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel)
