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Toll Brothers misses Street 4Q forecasts

HORSHAM, Pa. (AP) _ Toll Brothers Inc. (TOL) on Tuesday reported fiscal fourth-quarter earnings of $191.9 million.

On a per-share basis, the Horsham, Pennsylvania-based company said it had profit of $1.17.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The home builder posted revenue of $2.03 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $2.08 billion.

For the year, the company reported profit of $535.5 million, or $3.17 per share. Revenue was reported as $5.82 billion.

Toll Brothers expects full-year revenue in the range of $6.24 billion to $7.48 billion.

Toll Brothers shares have climbed 63 percent since the beginning of the year. The stock has increased 73 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TOL at https://www.zacks.com/ap/TOL