** Homebuilder Toll Brothers' shares TOL.N fall 2.8% to $128.50 premarket

** TOL beat Q3 profit and revenue estimates on Tuesday, but quarterly home orders fell 4% y-o-y owing to a 10% fall in the sales pace from a year ago

** "The order miss...suggests conditions deteriorated further in June and July given prior commentary around healthy May absorptions last quarter," analysts said at Barclays Research

** TOL narrowed full-year 2025 deliveries forecast to 11,200 units, compared with earlier forecast range of 11,200 to 11,600 units

** "TOL results remind investors of a slowly​-​but​-​surely deteriorating housing market, in the backdrop of a mid​-​summer rate rally that has left the stocks disconnected from fundamentals," says Barclays

** As of last close, stock had risen ~5% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))