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Robert Toll

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Toll Brothers Impresses With 46% Jump in 3Q Net

Toll Brothers (NYSE:TOL) beat the Street on Wednesday with a 46% leap in fiscal third-quarter profits and a 57% surge in new orders as the luxury home builder capitalized on the improving housing market.Wall Street cheered the stronger-than-expected results, sending Toll Brothers' shares jumping about 5%.The company said it earned $61.6 million, or 36 cents a share, last quarter, compared with a profit of $42.1 million, or 25 cents a share, a year earlier. Analysts had been calling for EPS of 18 cents a share.Revenue soared 41% to $554.3 million, easily topping the Street's view of $510 million."We are enjoying the most sustained demand we've experienced in over five years," CEO Douglas Yearley said in a statement.Toll Brothers said with three weeks of the fourth quarter in the books, non-binding reservation deposits, a precursor to future contracts, were up 59% year-over-year."Customers who have postponed buying for a number of years are moving into the market. With an industry-wide s...

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  1. Hit by Decline in Deliveries, Toll Brothers Suffers 1Q Loss

    Toll Brothers (NYSE:TOL) disclosed a surprise first-quarter loss on Wednesday as the luxury homebuilder suffered from a drop-off in deliveries.Shares of Horsham, Pa....

  2. Toll Brothers Profit Rises; Narrows Prder Outlook

    Toll Brothers Inc (NYSE:TOL) posted a higher quarterly profit, helped by a rise in orders, but the U.S. luxury builder narrowed its home delivery outlook for the yea...

  3. Toll Brothers posts quarterly profit on tax gains

    * New home sales fall 12.4 percent in July from June (Updates shares, adds conference call comments, background, graphic)By Helen ChernikoffNEW YORK (Reuters) - U.S....

  4. Toll Brothers reports Q3 profit on tax gains

    By Helen ChernikoffNEW YORK (Reuters) - U.S. luxury homebuilder Toll Brothers Inc beat Wall Street expectations and reported its first profit in three years Wednesda...

  5. Housing Without Uncle Sam

    Toll Brothers EVP Douglas Yearley on how his company is preparing for 2010.

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