Toll Brothers: Q3 EPS down 10%

(CercleFinance.com) - On Tuesday evening Toll Brothers reported Q3 net income of 114.
8 million dollars, with EPS that is down 10% at 90 cents, for revenues from home sales that are down 7% at 1.63 billion dollars.

However, the upmarket home builder reported an increase in net contract signatures to 2.21 billion dollars, compared with 1.87 billion dollars a year ago, and an order backlog of 6.09 billion dollars at the end of July.

"We attribute the surge in demand to a number of factors, including historically low interest rates, a continued undersupply of homes, and consumers focused more than ever on the importance of home," management said.


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