Toll Releases Fourth Quarter Earnings

Toll Releases Fourth Quarter Earnings

Despite relatively strong 4Q earnings of $131.5M, an increase of 39% over the year ago period, the earnings figure fell short of analyst expectations of 73 cents a share versus the 71 cents a share actually achieved. Importantly, Toll on the earnings call also seemed to indicate that their view on the outlook for overall market conditions next year is an environment very similar to that of 2014 – which is to say tepid.

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Michael Anderson
Michael Anderson 247 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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