Toll Brothers Posts Sixth Straight Earnings Beat but Stock Drops on Tepid Growth
Yesterday we were watching whether Toll Brothers could deliver another earnings beat amid a challenging housing market. The luxury homebuilder reported fourth-quarter results before Monday's open, posting EPS of 4.38 consensus estimate. This morning, shares opened in the pre-market down approximately 4.3% to 0.25 per share earnings beat represented a 5.8% surprise, ...