Toll Brothers Earnings and Outlook Higher as Luxury Housing Demand Improves

Leading luxury homebuilder Toll Brothers reported better than expected fiscal second-quarter earnings Tuesday. Shares of $TOL rose 3.2% in after-hours trading. Home sales revenues were $1.52 billion, down 11%. The home builder also raised its guidance for FQ3, seeing deliveries of 2,350-2,450 units, higher than street consensus of 2,078. Affordability has seen mortgage applications collapse, there has been demand creep back into the highest end home market given the scarcity of supply. Toll Brothers Inc NYSE: TOL Reported Earnings After … Continue reading “Toll Brothers Earnings and Outlook Higher as Luxury Housing Demand Improves”

Toll Brothers Earnings Helped By Cost Reductions as Contracts Fall on Economy Lockdown

Leading luxury homebuilder Toll Brothers reported better than expected first-quarter earnings Wednesday. The stock $TOL rose over 9% on the report after being up over 9% earlier, up 18% on the day on hopes of recovery. Home sales revenues were $1.52 billion, down 11%

Toll Brothers Stock Falls 10% on Higher Material Costs and Rising Rates

Rising interest Rates and higher raw material costs saw leading luxury homebuilder Toll Brothers stock slump almost 10% despite reported better than expected fiscal second-quarter earnings Tuesday. Investors are uncertain about real estate in such an environment.