Toll Brothers (TOL) Reports In-Line Q3 EPS; Guides Q4, FY16
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Toll Brothers' strong revenue, orders suggest firming housing growth
August 23, 2016 5:07 AM EDTBy Arunima Banerjee and Ankit Ajmera
(Reuters) - Toll Brothers Inc's (NYSE: TOL) home orders in the third quarter rose the most in two years, and the company joined other large U.S. homebuilders in posting big jumps in quarterly revenue, underscoring steady growth in the U.S. housing market.
Shares of Toll, which builds homes that cost upwards of $2 million, rose as much as 6 percent to $31 on Tuesday - their highest in more than seven months.
The luxury homebuilder's results and upbeat new home sales data also... More
