Aug. 18 at 9:34 PM
$TOLL Toll Brothers reports Q3 EPS
$2.97, consensus
$2.93
Reports Q3 revenue
$2.65B, consensus
$2.62B. Karl Mistry, chief executive officer, stated: "Toll Brothers delivered solid third quarter results in a challenging market. We exceeded the midpoint of our guidance with
$2.65 billion of home sales revenues, delivering 2,662 homes at an average price of
$996,400. Our adjusted gross margin was 25.6%, or 35 basis points above guidance, and we earned
$2.97 per diluted share. We also grew net signed contracts by 5% year over year."