Toll Brothers (TOL) Misses Q1 EPS by 1c; Updates Home Deliveries Outlook

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Go back to Toll Brothers (TOL) Misses Q1 EPS by 1c; Updates Home Deliveries Outlook

Higher prices help Toll Brothers beat revenue estimates

February 23, 2016 5:13 AM EST

(Reuters) - Toll Brothers Inc (NYSE: TOL), the largest U.S. luxury homebuilder, reported a higher-than-expected 8.8 percent rise in quarterly revenue, as it sold homes at higher prices, and said it was optimistic about the spring selling season.

Low interest rates and a steady rise in employment have allowed... More