5 Stocks Making Headlines After Financial Results

2. Toll Brothers, Inc. (NYSE:TOL)

Number of Hedge Fund Holders: 31

Shares of Toll Brothers, Inc. (NYSE:TOL) moved slightly up in the pre-market trading session on Wednesday, December 8, 2021, after delivering solid profit and sales for its fiscal fourth quarter.

The luxury homes builder earned $3.02 per share, significantly higher than $1.55 per share in the comparable quarter of 2020. Analysts were expecting Toll Brothers, Inc. (NYSE:TOL) to post earnings of $2.49 per share.

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Revenue for the quarter came in at $3.04 billion, compared to $2.55 billion in the year-ago quarter and ahead of analysts’ average estimate of $2.9 billion. Overall, Toll Brothers, Inc. (NYSE:TOL) delivered 3,341 homes during the quarter, up 14 percent on a year-over-year basis.

Discussing the results, CEO of Toll Brothers, Inc. (NYSE:TOL), Douglas Yearley, said:

“Demand remains very strong. The housing market continues to benefit from solid fundamentals, including favorable demographics, pent up demand from over a decade of underproduction of new homes, low mortgage rates, a tight resale market, and permanent changes to the way Americans view life, work and home.”