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Earnings

TOL

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.

Portfolio Pulse from Adam Eckert

August 22, 2023 | 8:49 pm

TOL

Toll Brothers (TOL) has raised its full-year guidance for deliveries, adjusted gross margin, and SG&A leverage, expecting a return on beginning equity for fiscal 2023 of approximately 22%. The company reported record third-quarter earnings of $3.73 per diluted share, up 59% YoY. It also signed 2,245 net contracts for $2.2 billion in the quarter, up 77% YoY. The company's net debt-to-capital ratio was 20.5% and total liquidity was $2.8 billion. It repurchased approximately $162.5 million of its common stock and paid $69 million in dividends. Standard & Poor's upgraded the company's credit rating to investment grade.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 8:33 pm

TOL

Toll Brothers reported Q3 earnings of $3.73 per share, beating the analyst consensus estimate of $2.81 by 32.74%. This is a 58.72% increase from the same period last year. The company also reported quarterly sales of $2.69 billion, beating the analyst consensus estimate of $2.41 billion by 11.52%. This is a 7.72% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:30 pm

URBN

Urban Outfitters reported a Q2 earnings beat and a decline in inventories, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:27 pm

URBN

Urban Outfitters, Inc. (NASDAQ:URBN) reported Q2 earnings of $1.10 per share, beating the analyst consensus estimate of 89 cents, a 71.88% increase from the same period last year. The company also reported quarterly sales of $1.27 billion, beating the analyst consensus estimate of $1.25 billion, a 7.52% increase from the same period last year. The company's total inventory decreased by 15.9% year-over-year as of July 31. Shares of URBN were up 2.79% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

August 22, 2023 | 8:25 pm

BMTX

BM Technologies reported Q2 losses of $0.39 per share, missing the analyst consensus estimate of $0.24 by 62.5%. This is a 360% decrease over earnings of $0.15 per share from the same period last year. The company also reported quarterly sales of $12.99 million, missing the analyst consensus estimate of $15.06 million by 13.76%. This is a 43.55% decrease over sales of $23.01 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:18 pm

LZB

La-Z-Boy has projected its Q2 sales to be between $490M and $510M, which is slightly lower than the estimated $507.08M.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:17 pm

FIHL

Fidelis Insurance Hldgs (NYSE:FIHL) reported Q2 earnings of $0.76 per share, beating the analyst consensus estimate of $0.56 by 35.71%. The company's sales for the quarter were $453.20 million, a 37.29% increase from $330.10 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:17 pm

LZB

La-Z-Boy reported Q1 earnings of $0.62 per share, beating the analyst consensus estimate of $0.55 by 12.73%. However, this is a 31.87% decrease from the same period last year. The company also reported quarterly sales of $482.00 million, beating the estimate of $474.58 million by 1.56%, but this is a 20.21% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:16 pm

CSLR

Complete Solaria expects its Q3 revenues to be between $38M and $41M.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:11 pm