UPDATE: Toll Brothers Posts FQ1 Profit

Toll Brothers

posted a profit in the fiscal first quarter. Toll Brothers posted a quarterly profit of $4.4 million, or $0.03 per share, versus a year-ago loss of $2.8 million, or $0.02 per share. Its shares outstanding climbed 6.9% y/y to 177.8 million. Its revenue surged to $424.6 million from $322 million. Toll Brothers shares closed at $36.90 yesterday.