Toll Brothers Inc. on Tuesday reported first-quarter net income of $73.2 million, or 40 cents a share. That was down from its year-ago result of $81.3 million, or 44 cents a share, and the result matched the 40 cents expected by analysts surveyed by FactSet. Revenue was $929 million, up from $853 million a year ago and above the consensus forecast of $915 million. The homebuilder also said Bruce E. Toll, vice chairman of its board of directors, has chosen to retire from the board, effective March 8. Shares were inactive in premarket trading.
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