More on Toll Brothers' FQ3 results

|About: Toll Brothers Inc. (TOL)|By:, SA News Editor

Net income jumped 110% to $97.7M, or $0.53 per share, from $46.6M, or $0.26 per share, a year earlier.

The company sold 1,444 homes in the third quarter ended July 31, up from 1,059 in the same period a year ago. Average selling price rose 12% to $732,000.

Backlog of $3.1B and 4,204 units vs. FY 2014's third-quarter-end backlog of $2.8B and 4,001 units.

FQ3 results

TOL +2.3% premarket