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Toll Brothers up 4.3% after beat, boosted guidance

FQ1 (ending Jan. 31) net income of $81.3M or $0.44 per share vs. $45.6M and $0.25 one year earlier.
Revenue of $853.5M up 33% Y/Y, and deliveries of 1,091 units up 18%. ASP of $782.3K vs $693.6K.
Net signed contracts of $873.2M and 1,063 units up 24% in dollars, up 16% in units Y/Y. ASP of $821.5K vs. $766.1K.
Backlo of $2.74B and 3,651 units, up 2% in dollars and flat in units Y/Y.
Gross margin of 27.3% up 290 basis points Y/Y.
Fiscal 2015 guidance is lifted: 5.2K-6K home deliveries vs. 5K-6K previously estimated. ASP is bumped to $725K-$760K from $710K-$760K. For fiscal 2014, there were 5,397 deliveries at an ASP of $725K.
Conference call at 11 ET
Previously: Toll Brothers beats by $0.14, beats on revenue (Feb. 24)
TOL +4.3% premarket