U.S. luxury homebuilder Toll Brothers Inc reported a 21.6per cent fall in third-quarter profit on Tuesday, as coronavirus-led lockdowns hurt home prices.
FILE PHOTO: A single family home is shown under construction by Toll Brothers Inc in Carlsbad, California, U.S. May 23, 2016. REUTERS/Mike Blake/File PhotoREUTERS: U.S. luxury homebuilder Toll Brothers Inc reported a 21.6per cent fall in third-quarter profit on Tuesday, as coronavirus-led lockdowns hurt home prices.
Net income fell to US$114.8 million, or 90 cents per share, in the quarter ended July 31, from US$146.3 million, or US$1 per share, a year earlier.
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