(Reuters) – U.S. luxury homebuilder Toll Brothers Inc (TOL.N) reported a 40.8 percent rise in quarterly profit, helped by strong demand for its homes in an improving job market.
The company said its net income rose to $148.6 million, or 87 cents per share, in the third quarter ended July 31 from $105.5 million, or 61 cents per share, a year earlier.
Revenue rose 18.3 percent to $1.50 billion.
Reporting by Pranav Kiran and Ankit Ajmera in Bengaluru; Editing by Arun Koyyur