Toll Beats on Profits, Misses on Revenues
Toll reported Q2 2015 earnings of $67.9M, or 37 per cents per share, beating analyst estimates of 35 cents per share. Revenues came in lower than expected at $852.6M versus analyst expectations of $861.1M. Average selling price rose 1% to $713,500 from the prior quarter and the number of closings fell 2% to 1,195 units. The stock was trading down following the earnings release.
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