Toll Brothers: EPS falls by less than expected

(CercleFinance.com) - On Tuesday evening, Toll Brothers unveiled Q3 2018-19 EPS of one dollar, down 20% y-o-y, although above the 84 cents expected by Wedbush.


Revenue from home sales fell 8% to 1.76 billion dollars, with volumes delivered down 11% to 1,944 units. At 5.84 billion dollars at the end of July, the luxury residential home builder's order backlog fell by 10% y-o-y.

However, chairman and CO Douglas Yearley, said, "We are off to a good start in our fourth quarter. Low mortgage rates, a limited supply of new and existing homes, and a strong employment picture are providing tailwinds."


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