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00:02Toll Brothers reported third-quarter earnings of $2.97 per share,
00:07beating the analyst estimate of $2.91, according to Benzinga ProData.
00:11Revenue totaled $2.66 billion, topping expectations of $2.61 billion,
00:17but falling from $2.95 billion a year earlier.
00:20Home sales revenue declined to $2.65 billion,
00:23as deliveries fell to 2,662 homes compared to 2,959 last year.
00:29Net signed contract value rose to $2.52 billion from $2.41 billion,
00:34with contracted homes increasing to 2,508 compared to 2,388.
00:39Backlog value declined to $6.24 billion from $6.38 billion.
00:44Adjusted home sales gross margin fell to 25.6% from 27.5%.
00:50CEO Carl Mistry said the company delivered solid results in a challenging market.
00:54Shares were down by 1.39% at $143.43 in Wednesday's pre-market trading,
01:00according to data from Benzinga Pro.
01:01For all things money, visit Benzinga.com.
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