Toll Brothers Reports FY 2019 1st Quarter Results
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Toll Brothers (TOL) Tops Q1 EPS by 15c, Revenues Beat
February 26, 2019 4:38 PM ESTToll Brothers (NYSE: TOL) reported Q1 EPS of $0.76, $0.15 better than the analyst estimate of $0.61. Revenue for the quarter came in at $1.363 billion versus the consensus estimate of $1.26 billion.
Net income and earnings per share were $112.1 million and $0.76 per share diluted, compared to net income of $132.1 million and $0.83 per share diluted in FY 2018s first quarter. This decline in earnings per share was primarily the result of a (0.4)% effective tax rate in FY 2018s first quarter due to the revaluation of the Companys net deferred tax liability as a result of... More