Toll Brothers Inc., the largest U.S. luxury-home builder, fell the most in eight months after reporting fiscal first-quarter earnings and revenue that trailed analyst estimates.
Net income for the quarter ended Jan. 31 was $4.4 million, or 3 cents a share, compared with a loss of $2.8 million, or 2 cents, a year earlier, the Horsham, Pennsylvania-based company said Wednesday in a statement. The average of 16 analyst estimates was for earnings of 10 cents a share, according to data compiled by Bloomberg.
