- Home builder Toll Brothers reported a 46% jump in quarterly net income for the period that ended June 30, reaching $554.3 million.
- The stock market liked that, and the company's stock reached a share price it hasn't seen in more than five years – $33.68.
- Toll Brothers said it turned over the keys to 963 housing units during the quarter, which was 39% more than in the corresponding quarter last year.
From the article:
Toll Brothers reported strong third quarter results Wednesday, with net income rising 46 percent year-over-year and revenue up 41 percent, according to the Washington Post. ...