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Homebuilder Toll Brothers' profit rises 40.8 pct

Aug 22 (Reuters) - U.S.luxury homebuilder Toll Brothers Inc 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)