TOL - Toll Brothers Shares Dip On Q2 Results Despite Earnings Beat | Benzinga
Toll Brothers, Inc (NYSE:TOL) shares experienced a decline Wednesday following the release of the company’s second-quarter 2024 financial results, despite reporting earnings that exceeded analyst expectations.
What To Know: The luxury homebuilder reported fiscal second-quarter EPS of $4.55, surpassing the consensus estimate of $4.06 by 12.07%. Quarterly sales came in at $2.837 billion, beating the estimate of $2.533 billion, representing 13.16% growth year-over-year.
“Based on these outstanding results, and with continued solid demand as we start our third quarter, we are increasing our full year revenue and earnings guidance. We now expect ...