Toll Brothers Home Sales Up 6% In Q3, Luxury Homebuilder Beats Revenue, EPS Estimates Despite Continued 'Affordability Pressures'

Toll Brothers Inc (NYSE:TOL) reported third-quarter financial results after the market close on Tuesday. Here’s a rundown of the luxury homebuilder’s report.

TOL is biding its time at current levels. Check the full analysis here.

Q3 Highlights: Toll Brothers reported third-quarter revenue of $2.95 billion, beating the consensus estimate of $2.85 billion, according to Benzinga Pro. The homebuilder reported third-quarter earnings of $3.73 per share, beating analyst estimates of $3.59 per share.

Home sales revenue was up 6% year-over-year as homes delivered climbed 5% year-over-year to 2,959. Net signed contract value was $2.41 ...