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.