Toll Brothers reported earnings that exceeded analyst forecasts and issued guidance roughly in-line with consensus expectations. The luxury home builder's stock was lower anyway.

Toll Brothers on Tuesday reported earnings of $2.97 a diluted share on roughly $2.7 billion in revenue. The results represented a drop from the same quarter last year, when the builder reported earnings of $3.73 a diluted share on about $2.9 billion in revenue-but the decline from year-ago levels in a difficult market for housing was expected. Analysts had called for $2.93 a share on about $2.6 billion in revenue.

The company reaffirmed its full-year expectations that call for home deliveries in a range of 10,500 to 10,600 units at an average price in a range of $995,000 to $1 million, and calls for a 26.1% margin for the full year.

"Our performance underscores the strength of our luxury brand, the resilience of our affluent customer base, the successful execution of our differentiated business model, and our focus on operational efficiency," CEO Karl K. Mistry said in a statement.

In spite of the beat, the stock was down 0.3% in after-hours trading after closing 1.8% lower in Tuesday trading.

Investors could be looking beyond the fourth quarter and toward 2027. Toll Brothers reported 2,508 contracted homes in the third quarter, falling short of the 2,610 analysts had expected, according to FactSet. Homes contracted today are future deliveries.

They may also just be awaiting commentary from management. Toll Brothers will discuss results on a call with investors at 8:30 a.m. Eastern on Wednesday.