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Toll Brothers Bounces Higher After Strong Results

Investing.com - Shares of homebuilder Toll Brothers shot up after hours Tuesday following a solid earnings report that countered the weak housing numbers of late.

Toll Brothers (NYSE:TOL) reported a fiscal first-quarter profit of 76 cents per share on revenue of $1.36 billion.

Analysts polled by Investing.com were predicting a profit of 61 cents a share on sales of $1.26 billion.

Toll shares rose 3.8% in post-market trading.

The company said it expects to deliver between 1,650 and 1,850 homes in the fiscal second quarter, Briefing.com reported.

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