PORTLAND, OR , Aug. 21, 2013 (RISI) -
Toll Brothers Inc. reported net income for the three months through July dropped to $46.6 million, or 26 cents a share, from $61.6 million, or 36 cents, a year earlier. Net income included a tax expense of $21.7 million, compared to a tax benefit of $18.7 million in 2012's third quarter.
Total revenues of $689.2 million and homebuilding deliveries of 1,059 units rose 24% in dollars and 10% in units, compared to 2012's third quarter.
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