Toll Brothers Stock Is Moving Higher On Q3 Earnings: The Details
Portfolio Pulse from Adam Eckert
Toll Brothers Inc's Q3 earnings beat estimates with revenue of $2.69 billion and earnings per share of $3.73. Home sales revenues increased by 19% YoY, and the company ended the quarter with a backlog of $7.9 billion, up 30% YoY. The company expects to deliver between 2,650 and 2,750 units in Q4, up from 2,524 in Q3. The company's shares were up 1.45% after hours.
August 22, 2023 | 8:49 pm
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Toll Brothers' Q3 earnings beat estimates, driving its stock price up in after-hours trading.
Toll Brothers reported strong Q3 earnings, beating estimates. This positive financial performance is likely to boost investor confidence and drive the stock price up in the short term.
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