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Strategies & Market Trends : Guidance and Visibility

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Jan 23 9:30 AM EST

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To: SusieQ1065 who wrote (54082)	5/29/2002 7:04:44 AM
From: SusieQ1065	Read Replies (3) of 208838

Toll Brothers Earnings Up 19 Percent May 29 5:46am ET HUNTINGDON VALLEY, Pa. (Reuters) - Luxury homebuilder Toll Brothers Inc. reported on Wednesday a 19 percent rise in fiscal second-quarter earnings, spurred by higher home prices and strong demand. The Huntingdon Valley, Pennsylvania-based company posted earnings for the three months to April 30 of $52.5 million, or 69 cents per share, compared with $45.8 million, or 58 cents per share, a year ago. Analysts' estimates ranged from 58 cents to 68 cents with a mean of 62 cents per share, according to research firm Thomson First Call. Revenues rose 8.4 percent to $539.11 million from $497.55 million. Toll Brothers shares closed at $30.27 on the New York Stock Exchange on Friday, within reach of its year high of $31.80.

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