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Higher home sales strengthened Toll Brothers Inc.'s quarterly profit by 40 percent.
The U.S.-based luxury homebuilder said that its net income increased to 124.6 million, or 73 cents per share, in the second quarter ended April 30 from $89.1 million, or 51 cents per share, a year earlier.
Toll said that its previous forecast of 6,700 to 7,500 homes for this year has been raised to 6,950 and 7,450 homes.
Compare revenue climbed 22.2 percent to $1.36 billion.
