Toll Brothers Misses Profit Estimates, Exceeds Revenue

Toll Brothers, a luxury home builder, reported a Q4 profit of $446.7M, or $4.58 per share, falling short of analysts predictions of $4.87 per share. However, the company exceeded revenue forecasts with $3.42B, up from the expected $3.32B. For the full fiscal year, Toll Brothers posted a $1.35B profit, or $13.49 per share, and $10.97B in revenue, indicating strong sales activity despite tighter profit margins.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.