
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