Toll Brothers Inc. (NYSE:TOL) released its second-quarter results after Tuesday's closing bell. Here's a look at the key figures from the quarter.
The Details: Toll Brothers reported quarterly earnings of $3.50 per share, which beat the analyst consensus estimate of $2.92 by 19.86%. Quarterly revenue came in at $2.71 billion, which beat the Street estimate of $2.48 billion.
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For the second quarter, Toll Brothers reported:
“We are pleased with our second quarter results, as we delivered earnings that significantly exceeded expectations. Despite a softer demand environment, we generated record second quarter home sales revenues of $2.71 billion, well above our guidance of $2.47 billion, and beat both our adjusted gross margin and SG&A guidance,” said Douglas C. Yearley Jr., CEO of Toll Brothers.
TOL Price Action: According to data from Benzinga Pro, Toll Brothers stock was up 4.79% at $109.52 after-hours on Tuesday.
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