U.S. luxury homebuilder Toll Brothers reported a 67.8 percent jump in quarterly profit, partly boosted by an increase in home sales and prices.
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The company’s net income rose to $191.9 million, or $1.17 per share, in the fourth quarter ended Oct. 31, from $114.4 million, or 67 cents per share, a year earlier.
The year-ago quarter was hit by a $121.2 million warranty charge.
Revenue rose 9.3 percent to $2.03 billion.
(Reporting by Arunima Banerjee in Bengaluru; Editing by Saumyadeb Chakrabarty)
