Wednesday, May 26, 2010

Toll Brothers with Mixed Results...

Toll Brothers (TOL):
Mixed result here as the earnings miss, revenue miss, gross margin miss, higher charges, and lower closings; however, The new orders number was well ahead of the street and the company's outlook was pretty upbeat.

FQ2 EPS of -$0.24 misses by $0.01. Revenue of $311M (-21.9%) vs. $322M.

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