Toll Brothers falls on lower Q1 profit
19/02/2025 13:13
** Luxury home builder Toll Brothers' TOL.N shares fall
~5.8% to $115.02 in premarket trading
** Q1 profit fell ~25.8% from the year-ago period to $177.7
million, or $1.75/share, co reported on Tuesday
** "While our net income and earnings per share came in
below expectations, this was due primarily to impairments and a
delay in the sale of a stabilized apartment property in one of
our joint ventures," said Chief Executive Officer Douglas
Yearley Jr.
** Co's revenue from home sales fell 4.7% to $1.84 bln
** Eleven of 19 brokerages rate the stock "buy" or higher, 7
"hold" and 1 "sell"; their median PT is $160 - LSEG data
** TOL shares down 3.1% YTD as of last close; stock rose
~22.5% in 2024
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com;))