Toll Brothers' quarterly revenue up 31% on higher home sales
Sales up more than expected in April, suggesting housing market recovery is gaining traction
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TOLL Brothers Inc's quarterly revenue jumped nearly 31 per cent, beating analysts' estimates, as the company sold more luxury homes at higher prices, mainly in California.
Shares of Toll Brothers, which mostly builds single-family homes that could cost more than US$2 million, rose 2 per cent in premarket trading on Tuesday.
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