Pursuits
Toll Brothers Quarterly Profit Rises on Lower Tax Provision
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Toll Brothers Inc., the largest U.S. luxury-home builder, reported an increase in quarterly earnings as lower tax provisions made up for a decline in revenue.
Net income for the three months through April was $67.9 million, or 37 cents a share, compared with $65.2 million, or 35 cents, a year earlier, the Horsham, Pennsylvania-based builder said in a statement Wednesday.