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Toll Brothers Rises in After-Hours Trading After Topping Estimates
Toll Brothers revenue rises in latest period, as company says demand in housing market is beginning to improve.
Toll Brothers Inc. (TOL - Get Report) posted fiscal first-quarter net income of $112.1 million, or 76 cents a share on revenue of $1.32 billion, vs. earnings of 83 cents a share on sales of $1.2 billion in the same quarter a year ago.
Analysts had expected the luxury home builder to make 61 cents a share on $1.3 billion in revenue, according to FactSet data.
The company said net signed contract value for the period was $1.16 billion, down 31% while contract units fell 24% to 1,379. The company forecast fiscal second-quarter deliveries of 1,650 to 1,850 units with average selling prices between $860,000 and $890,000.
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https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: TOLc1dl1739.png]](https://finviz.com/publish/022619/TOLc1dl1739.png)
Toll Brothers revenue rises in latest period, as company says demand in housing market is beginning to improve.
Toll Brothers Inc. (TOL - Get Report) posted fiscal first-quarter net income of $112.1 million, or 76 cents a share on revenue of $1.32 billion, vs. earnings of 83 cents a share on sales of $1.2 billion in the same quarter a year ago.
Analysts had expected the luxury home builder to make 61 cents a share on $1.3 billion in revenue, according to FactSet data.
The company said net signed contract value for the period was $1.16 billion, down 31% while contract units fell 24% to 1,379. The company forecast fiscal second-quarter deliveries of 1,650 to 1,850 units with average selling prices between $860,000 and $890,000.
...
https://www.thestreet.com/investing/earn...yptr=yahoo
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