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by CareyBot

Luxury home builder Toll Brothers today reported record third-quarter earnings for the fiscal period ending July 31. The company's third-quarter net income of $215.5 million was the highest for any quarter in its history. Net income grew 103 percent from the same period a year ago. Earnings per share was $1.27, up 92 percent from the same period last year. Quarterly revenues were a record $1.56 billion, up 54 percent from 2004, the company said. Third-quarter home-building revenues totaled $1.54 billion, for 2,310 homes, and revenues from land sales totaled $10.6 million. The company's third-quarter contracts of $1.92 billion (2,746 homes) grew 19 percent from the same period last year. Robert I. Toll, chairman and chief executive officer, attributed the record results to the company...