Feb 22 (Reuters) - Toll Brothers Inc reported a 3.8 percent fall in quarterly profit, hurt by lower average selling prices for its luxury homes.
The Horsham, Pennsylvania-based company's net earnings declined to $70.42 million, or 42 cents per share, in the first quarter ended Jan. 31, from $73.18 million, or 40 cents per share, a year earlier. (bit.ly/2lunAFv)
Revenue fell to $920.73 million from $928.57 million. (Reporting by Rachit Vats in Bengaluru; Editing by Maju Samuel)