From Financial Modeling Prep: 2025-02-19 12:29:00

Toll Brothers (NYSE:TOL) stock dropped 7% after reporting Q1 earnings below expectations. EPS was $1.75, missing the $2.04 estimate, while revenue of $1.86 billion fell short of the $1.91 billion forecast. Home deliveries increased by 3% to 1,991 units, but the average home price declined by 7.8% to $924,600.

CEO mentioned solid demand but mixed spring sales due to affordability issues and rising inventories in some markets. Despite challenges, high-end markets remain strong. Toll Brothers maintains its full-year outlook, projecting 11,200-11,600 home deliveries at an average price of $945,000-$965,000, showing confidence in market stability.



Read more at Financial Modeling Prep:: Toll Brothers Shares Drop 7% as Q1 Earnings Miss, …