Toll Bros Earnings Take A Jump

Toll Brothers reported a huge increase in fiscal fourth-quarter earnings compared to a year earlier.

The Horsham-based luxury homebuilder earned more than $411 million in the three months ending October 31, up from $9 million a year earlier and well ahead of Wall Street’s forecast.

CEO Douglas Yearley says higher home prices, low interest rates, pent-up demand and improving consumer confidence prompted buyers to return to the housing market this year.

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