FORT WASHINGTON, Pa. (AP) _ Toll Brothers Inc. (TOL) on Tuesday reported fiscal fourth-quarter earnings of $374.3 million.

On a per-share basis, the Fort Washington, Pennsylvania-based company said it had net income of $3.02.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.48 per share.

The home builder posted revenue of $3.04 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $2.91 billion.

For the year, the company reported profit of $833.6 million, or $6.63 per share. Revenue was reported as $8.79 billion.

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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News