Toll Brothers, Inc. (TOL) reported fourth-quarter net income of $191.9 million, or $1.17 per share, compared to $114.4 million, or $0.67 per share, prior year. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $1.19, for the quarter. Analysts' estimates typically exclude special items. Pre-tax income was $301.7 million, compared to $168.2 million prior year which was negatively impacted by a $121.2 million warranty charge. Adjusted gross margin was 25.3%, for the quarter.
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