Toll Brothers Q1 Profit Surges; Sees Higher Revenues In FY18

Toll Brothers Inc., a builder of luxury homes, on Tuesday reported an 88 percent surge in net profit for the first quarter from last year, reflecting higher home deliveries and a tax benefit related to the U.S. tax reform. Looking ahead, the company tightened its outlook for fiscal 2018 home deliveries and and forecast revenues to be higher than in the prior year.

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