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Stock impact report

Toll Brothers (TOL) Q2 Earnings Miss, Revenues Beat, Guidance Up [Yahoo! Finance]

Toll Brothers, Inc. (TOL) 
Last toll brothers, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: tollbrothers.com/investor-relations
Company Research Source: Yahoo! Finance
Nonetheless, both the top and bottom lines increased on a year-over-year basis. Shares of this leading luxury homebuilder gained 1.2% in the after-hours trading session on May 21, 2024, following the earnings release. Toll Brothers' fiscal second-quarter success was driven by strong demand for new homes, bolstered by a resilient economy, favorable demographics, and a significant housing supply shortage. Addressing these market conditions, the company expanded its price points to include more affordable luxury homes and increased its supply of spec homes. These strategies allowed Toll Brothers to increase its market share, reduce cycle times, improve inventory turnover, and better leverage fixed costs, which resulted in revenue growth and higher operating margins. Additionally, a capital-efficient land strategy further enhanced returns, positioning the company for continued attractive returns in the future. Following encouraging fiscal second-quarter performance and encouraging d Show less Read more
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