Toll Brothers (TOL) Posts Improved Q4 Adjusted Pre-Tax Income

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Go back to Toll Brothers (TOL) Posts Improved Q4 Adjusted Pre-Tax Income

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December 6, 2016 5:56 AM EST

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Homebuilder Toll Brothers eyes millennials as revenue growth continues

December 6, 2016 5:07 AM EST

By Arunima Banerjee

(Reuters) - U.S. luxury homes builder Toll Brothers Inc's (NYSE: TOL) revenue increased more than expected for the fifth straight quarter, boosted by higher home sales and average selling prices, and the company also gave an encouraging outlook.

Toll Brothers, whose homes can cost upwards of $2 million, on Tuesday also introduced a new line of homes to cater to affluent millennials, a move that could boost demand but will lower its average price.

"We are encouraged as we look to FY 2017," Chief Executive... More